|01-05-2015, 10:08 PM||#1|
Kiwi near 30-month low against greenback
The New Zealand dollar (Kiwi) traded near two-and-a-half-year lows against its U.S. counterpart on Monday, as expectations for a U.S. rate hike this year continued to boost demand for the greenback.
A recent string of upbeat U.S. data sparked optimism over the strength of the country`s economic recovery and added to expectations for the Federal Reserve to introduce an early hike for interest rates.
NZD/USD pair hits its lowest level since December 2009 around at 0.7620 during late Asian trading.
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