NZ dollar trades near 3-year low after failing to break below 74 US cents

Mon, 26 Jan 2015

By Jonathan Underhill Jan. 26 (BusinessDesk) - Jan. 26 (BusinessDesk) - The New Zealand dollar traded near a three-year low after failing to push below 74 US cents, a level it hasn't breached since late 2011. The kiwi traded at 74.31 US cents as at 5 pm in Wellington, from 74.50 cents in New York on Friday. Earlier, it fell as low as 74.07 cents. The trade-weighted index was at 76.92, down from 77.24 on Friday. A regional holiday in Auckland and the absence of traders in Australia, which celebrated Australia Day, kept trading subdued a...

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