NZ dollar may push to 75 US cts as US outlook dims, dairy prices gain

Wed, 07 Sep 2016

By Paul McBeth Sept. 7 (BusinessDesk) - The New Zealand dollar may extend its run up to 75 US cents as some softer economic data in the world's biggest economy sapped demand for the greenback, and another jump in dairy prices attracted support for the local currency. The kiwi rose to 74.30 US cents at 5pm in Wellington from 74.12 cents at 8am and 73.16 cents yesterday. The trade-weighted index climbed to 78.51 from 77.77, well above the 76 average level the Reserve Bank has projected for the third quarter. The US dollar index dropped...

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