NZ dollar slips after jumping in New York on Draghi, Chinese rates

Sun, 23 Nov 2014

By Jonathan Underhill Nov. 24 (BusinessDesk) - The New Zealand dollar fell from its New York highs at the end of last week, having jumped against the greenback after China unexpectedly cut interest rates and European Central Bank President Mario Draghi pledged to whatever was needed to underpin the region's economy. The kiwi traded at 78.76 US cents at 8:30am in Wellington from as high as 79.47 cents in New York on Friday and from 78.81 cents in late Asian trading last week. The trade-weighted index fell to 78.57 from as high as 78.96 in...

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