NZ dollar slips as better-than-expected US data bolsters case for Fed hikes

Thu, 26 Feb 2015

By Tina Morrison Feb. 27 (BusinessDesk) - The New Zealand dollar fell as the greenback advanced after better-than-expected US data on inflation and business orders bolstered confidence about the outlook for the world's largest economy. The kiwi slipped to 75.31 US cents at 8am in Wellington, from 75.63 cents at 5pm yesterday. The trade-weighted index was at 78.22 from 78.26 yesterday. The dollar index, which measures the greenback against a basket of currencies, jumped to a five-week high after a report showed US core inflation, which...

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