RESEND: NZ dollar falls as rising US durable goods orders, consumer sentiment stoke greenback

Wed, 23 Nov 2016

(Adds dropped words 'US cents' in the second paragraph) By Jonathan Underhill Nov. 24 (BusinessDesk) - The New Zealand dollar fell as measures of US durable goods orders and consumer sentiment rose, pointing to a pickup in the US economy and higher US interest rates. The kiwi dollar fell to 70.05 US cents as at 8:30am in Wellington, having earlier dropped as low as 69.89 cents, from 70.62 cents late yesterday. The trade-weighted index fell to 77.33 from 77.68. The US dollar advanced to the highest level in more than a decade after a...

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