Kiwi falls against strong greenback

ecPulse
2014-11-20 14:13PM UTC

The New Zealand dollar fell against its U.S. counterpart on Thursday, as demand for the greenback was boosted by the Federal Reserve`s latest meeting minutes.

The greenback found further support against major currencies after the minutes of the Fed`s meeting indicated that the economic recovery is strong enough to withstand external threats to growth.

NZD/USD pair dropped to its lowest during late Asian trade at 0.7807, and traded around 0.7847 at 10:14 GMT.

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