NZ dollar pushes to fresh 26-month high as greenback weakens post-Fed

Thu, 27 Jul 2017

By Rebecca Howard July 27 (BusinessDesk) - The kiwi dollar pushed to a fresh 26-month high against the greenback as the US dollar remained out of favor in Asian trading. The kiwi traded at 75.45 US cents at 5pm from 75.12 US cents at 8am and 73.38 cents late yesterday. It touched 75.58 the highest since May 2015 when it traded at 75.64. The trade-weighted index climbed to 79.21 from 78.53 yesterday. The US dollar remained under pressure after the US Federal Reserve's Open Market Committee statement said both overall inflation and the...

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