Business

NZD extends decline

The New Zealand dollar extended its decline for a fourth day as US bond yields continued to rise on expectations a strong US economy will drive up interest rates. 

The kiwi fell as low as 64.75 US cents, the lowest since February 2016, and traded at 64.78 cents at 8am in Wellington from 64.97 cents yesterday. The trade-weighted index dropped to 70

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