NZ dollar retreats after topping 74 US cents, may have seen highs for year

Thu, 01 Feb 2018

By Jonathan Underhill Feb. 1 (BusinessDesk) - The New Zealand dollar fell, having climbed above 74 US cents overnight, with some traders saying it may have seen its highs for the year because US rate hikes will increasingly come into focus. The kiwi fell to 73.66 US cents as at 5pm in Wellington from as high as 74.19 cents overnight, and down from 73.77 cents yesterday. The trade-weighted index declined to 74.96 from 75.09 yesterday. The kiwi gave up earlier gains after Federal Reserve chair Janet Yellen emphasised the Fed's intention...

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