NZ dollar slips as greenback gains on US interest rates expectations

Tue, 09 Sep 2014

By Tina Morrison Sept. 10 (BusinessDesk) - The New Zealand dollar declined as investors gain confidence about a recovery in the US economy, increasing demand for the US dollar. The kiwi slipped to 82.44 US cents at 8am in Wellington, from 82.57 cents at 5pm yesterday. The trade-weighted index weakened to 78.74 from 78.93 yesterday. US 10-year Treasuries fell, pushing up yields, as investors become more optimistic about the outlook for the US economy and a higher interest rate track after a San Francisco Federal Reserve research report...

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