NZ dollar steadies after sharp fall, US bear run may not be over

Thu, 18 Jan 2018

By Rebecca Howard Jan. 18 (BusinessDesk) - The New Zealand dollar steadied after falling more than half a US cent in the local session after traders were reluctant to take the currency through key technical levels. The local currency dropped to 72.60 US cents as at 5pm from 73.25 cents at 8am, leaving it little changed from 72.54 cents yesterday. The trade-weighted index increased to 74.89 from 74.69 yesterday. The greenback gained after upbeat comments from the US Federal Reserve about the outlook for the world's biggest economy,...

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