NZ dollar touches 66 US cents after PM Key says it's fallen faster than expected

Mon, 20 Jul 2015

By Tina Morrison July 21 (BusinessDesk) - The New Zealand dollar rose as high as 66 US cents overnight after Prime Minister John Key told reporters at his weekly post-Cabinet press conference that the local currency had fallen faster than expected. The kiwi was trading at 65.67 US cents at 8am in Wellington, from 65.61 cents at 5pm yesterday and 65.12 cents immediately before the 4pm press conference. The trade-weighted index was at 69.97 at 8am from 69.88 at 5pm yesterday and 69.37 at 4pm yesterday. The local currency spiked higher af...

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