NZ dollar touches month-low vs. greenback on optimism for US economy

Mon, 03 Nov 2014

By Jonathan Underhill Nov. 3 (BusinessDesk) - The New Zealand dollar touched a month-low against the US dollar as the greenback broadly strengthened on optimism about the US economy and after the Bank of Japan upped its stimulus plans. The kiwi traded at 77.64 US cents as at 5pm in Wellington, unchanged from the start of the day and down from 78.41 cents in late local trading on Friday. The local currency traded at 87.52 yen, from 87.59 yen at 8am and from as high as 88.03 yen, highest since Sept. 25, in New York on Friday. US governme...

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