NZ dollar rises as greenback falls to 8-week low amid weaker US data

Tue, 28 Apr 2015

By Tina Morrison April 29 (BusinessDesk) - The New Zealand dollar rose as investors pushed the greenback to an eight-week low ahead of a Federal Reserve statement on expectations that US interest rates won't rise until later in the year. The kiwi rose as high as 77.40 US cents, matching a three-month high touched earlier this month, and was trading at 77.15 cents at 8am in Wellington, from 76.19 cents yesterday. The trade-weighted index increased to 79.48 from 78.98 yesterday. The US dollar index, which measures the greenback against a...

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