RESEND: NZ dollar falls, may sink below 70 US cts, on greenback bulls, weak NZ rates outlook

Mon, 08 Jun 2015

(Adds quotation marks at end of fifth paragraph) By Jonathan Underhill June 8 (BusinessDesk) - The New Zealand dollar fell, and may drop below 70 US cents for the first time since 2010, as strong US jobs growth stoked speculation of a US rate hike, while local interest rates have more chance of falling. The kiwi traded at 70.48 US cents at 5pm in Wellington, having fallen as low as 70.23 cents in New York on Friday, down from 71.39 cents in Wellington at the end of last week. The trade-weighted index dropped to 74.20 from 74.69 on Frid...

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