NZ dollar slips as US dollar strengthens on optimism about US rate hike

Sun, 30 Aug 2015

By Tina Morrison Aug. 31 (BusinessDesk) - The New Zealand dollar slipped as the US dollar strengthened after Federal Reserve officials signalled the US central bank is on track for a potential rate hike next month. The kiwi was at 64.65 US cents at 8am in Wellington, from 64.53 cents at the New York close and 64.73 cents at 5pm last Friday. The trade-weighted index was at 70.09 from 69.98 on Friday. The US dollar index, which measures the greenback against a basket of currencies, touched its highest level in eight days after Fed vice c...

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