NZ dollar continues slide ahead of Powell testimony

Wed, 10 Jul 2019

By Rebecca Howard July 10 (BusinessDesk) - The New Zealand dollar fell as the greenback gained ahead of US Federal Reserve chair Jerome Powell’s congressional testimony. The kiwi was trading at 65.97 US cents at 5pm versus 66.05 US cents at 8am in Wellington. The trade-weighted index was at 72.45 versus 72.53. Powell is scheduled to testify at the House Financial Services Committee later in the global trading day and at Senate Banking Committee on Thursday in the US. The US Federal Reserve will also publish minutes from its June me...

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