RESEND: NZ dollar declines as US dollar advances on optimism

Mon, 08 Sep 2014

(fixes reference to six months in first paragraph) By Tina Morrison Sept. 9 (BusinessDesk) - The New Zealand dollar fell to its lowest in more than six months as the US dollar gained strength on optimism about a US economic recovery which will push interest rates higher. The kiwi dropped as low as 82.58 US cents, its lowest level since Feb. 20, and was trading at 82.77 cents at 8am in Wellington, from 83.16 cents at 5pm yesterday. The trade-weighted index slipped to 78.99 from 79.02 yesterday. The US dollar index, which measures the...

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