NZ dollar retreats from presidential-debate highs as US economic data awaited

Wed, 28 Sep 2016

By Jonathan Underhill Sept. 28 (BusinessDesk) - The New Zealand dollar retreated from its overnight highs on speculation figures over the next two weeks will point to an improving US economy, making a Federal Reserve rate hike in December more likely. The kiwi traded at 72.72 US cents, having reached as high as 73.25 cents overnight, from 72.90 cents late yesterday. The trade-weighted index slipped to 77.11 from 77.26. The kiwi gained overnight on the view that Hillary Clinton outshone rival Donald Trump in the first US presidential de...

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