YEAR IN REVIEW: Kiwi heads for 2014 decline in year it neared record high

Tue, 30 Dec 2014

By Tina Morrison Dec. 30 (BusinessDesk) - The New Zealand dollar is heading for a 5 percent decline against the greenback in 2014, in a year which saw the currency soar close to a post-float high and prompted the central bank to intervene to bring it down. The kiwi started the year at 81.91 US cents, and touched 88.35 cents in July, within a whisper of its post-float high of 88.40 cents, but has since declined to trade recently at 77.85 cents. The expanded trade-weighted index is at 79.13 currently, having started the year at 77.86. Th...

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