NZ dollar slips as greenback's rally seen to be enduring, US bond yields remain high

Tue, 22 Nov 2016

By Jonathan Underhill Nov. 23 (BusinessDesk) - The New Zealand dollar fell on expectations the US dollar will extend its post-election rally, which has helped push up US bond yields and propelled US equity markets to record highs. The kiwi dollar fell to 70.47 US cents as at 8am in Wellington from 70.78 cents late yesterday. The trade-weighted index fell to 77.55 from 77.79. The US Federal Reserve is scheduled to release the minutes of its last policy meeting tonight and traders expect them to show confidence that inflation is returnin...

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