NZ dollar slides as traders buy back US dollar after Fed

Thu, 19 Mar 2015

By Tina Morrison March 20 (BusinessDesk) - The New Zealand dollar slid along with other major currencies against the US dollar, as investors bought back the greenback after selling it following a more cautious outlook from the Federal Reserve. The kiwi fell to 73.80 US cents at 8am in Wellington, from 74.62 cents at 5pm yesterday. The trade-weighted index declined to 77.88 from 78.23 yesterday. The US dollar index, which measures the greenback against a basket of currencies, dropped significantly yesterday after the Federal Reserve Ope...

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