NZ dollar still buoyed by RBNZ governor Orr's comments, hovering around 63 US cents

Thu, 26 Sep 2019

By Rebecca Howard Sept. 27 (BusinessDesk) - The New Zealand dollar continues to hover around 63 US cents after the central bank governor said unconventional monetary policy was unlikely, although the currency's gains were capped by US dollar strength. The kiwi was trading at 63 cents at 8:10am in Wellington from 63.06 at 5pm yesterday. The trade-weighted index was at 70.38 from 70.37. Reserve Bank governor Adrian Orr yesterday "was talking down the prospects of unconventional monetary policy" and said the New Zealand economy might do...

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