NZ dollar range-bound as greenback strength continues into new year

Tue, 03 Jan 2017

By Paul McBeth Jan. 4 (BusinessDesk) - The New Zealand dollar edged lower, remaining in recent ranges, as the greenback's ascendancy stays intact with the prospect of large US infrastructure spending and a strong economy continue to support the expectation for higher US interest rates. The kiwi slipped to 69.21 US cents as at 8am in Wellington from 69.46 cents yesterday, and 69.33 cents on Friday in New York. The trade-weighted index dipped to 77.39 from 77.52 last week. The US dollar index, a measure of the greenback against a baske...

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