NZ dollar drifts lower ahead of central bank talk-fest

Mon, 19 Aug 2019

By Jenny Ruth Aug. 19 (BusinessDesk) - The New Zealand dollar drifted lower despite a mildly positive tone to sentiment once Asian trading kicked in. The kiwi was trading at 64.17 US cents at 5pm in Wellington from 64.31 cents at 8am. The trade-weighted index was at 71.38 points from 71.54. “There are no real drivers," says Mike Shirley, a dealer at Kiwibank. "The kiwi seems to be adrift. In fact, everything looks to be adrift” until the end of the week, he says. The Federal Reserve hosts its annual shindig for central bankers at Ja...

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