NZ dollar slips as US dollar gains on upbeat housing data

Tue, 19 May 2015

By Tina Morrison May 20 (BusinessDesk) - The New Zealand dollar fell as the greenback strengthened following better-than-expected US housing data, boosting optimism the world's biggest economy may be recovering after a weak first quarter. The kiwi slipped to 73.35 US cents at 8am in Wellington, from 74.20 cents at 5pm yesterday. The trade-weighted index declined to 75.94 from 76.39 yesterday. The US dollar index, which measures the greenback against a basket of currencies, touched a two-week high of 95.474 after a report showed US hous...

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