NZ dollar slips as Fed's Dudley talks up US inflation, stoking greenback demand

Mon, 19 Jun 2017

By Paul McBeth June 20 (BusinessDesk) - The New Zealand dollar fell as investors latched on to New York Federal Reserve President William Dudley's expectations for US inflation to rise, keeping alive projections for higher US rates and stoking demand for the greenback. The kiwi dropped to 72.24 US cents as at 8am from 72.78 cents yesterday. The trade-weighted index fell to 77.85 from 78.22. Stocks on Wall Street broke new records, US government bond yields rose, and the US dollar index, a measure of the greenback against a basket of...

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