NZ dollar touches fresh five-year low as greenback strengthens on rate-hike optimism

Tue, 23 Jun 2015

By Tina Morrison June 24 (BusinessDesk) - The New Zealand dollar touched a fresh five-year low as the greenback strengthened on optimism the Federal Reserve may raise interest rates as early as September. The kiwi touched 68.13 US cents, its lowest level since July 2010, and was trading at 68.46 US cents at 8am in Wellington, from 68.50 cents at 5pm yesterday. The trade-weighted index was little changed at 71.48 from 71.47 yesterday. The US dollar index, which measures the greenback against a basket of currencies, advanced after upbeat...

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