NZ dollar extends gain on US rate-cut expectations

Mon, 24 Jun 2019

By Rebecca Howard June 25 (BusinessDesk) - The New Zealand dollar firmed against the greenback as markets continue to expect the US Federal Reserve to cut interest rates. The kiwi was trading at 66.16 at 8am versus 65.98 US cents at 5pm in Wellington. The trade-weighted index was at 72.20 from 72.08. The US dollar continued to lose ground on rising expectations that US Federal Reserve will move to cut interest rates, OMF treasury manager Stuart Ive said. US President Donald Trump once again took to Twitter to criticise the central ba...

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