NZ dollar pops above 84 US cents as focus turns to Yellen's speech at Jackson Hole

Thu, 21 Aug 2014

By Tina Morrison Aug. 22 (BusinessDesk) - The New Zealand dollar gained overnight, popping back above the key 84 US cent level, as traders look to an upcoming speech by US Federal Reserve chair Janet Yellen to the annual Jackson Hole gathering of central bank governors, amid speculation on how soon interest rates will rise next year in the world's largest economy. The kiwi rose to 84.03 US cents at 8am in Wellington, from 83.57 cents at 5pm yesterday. The trade-weighted index increased to 79.19 from 78.91 yesterday. The US dollar index...

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