NZ dollar slips from 10-month high as oil falls, traders take profit

Wed, 20 Apr 2016

By Jonathan Underhill April 20 (BusinessDesk) - The New Zealand dollar fell from a 10-month high as a dip in crude oil took the shine off commodity currencies and some traders took advantage of the kiwi's 2 percent gain in the past two days to sell down their holdings and lock in profits. The kiwi fell to 70.06 US cents as at 5pm from as high as 70.54 cents overnight and from 69.96 cents yesterday. The trade-weighted index retreated to 73.46 from 73.78 earlier in the day and up from 73.06 yesterday. Brent crude rose to as high as US$4...

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