NZ dollar falls after Fed suggests no negative interest rates

Thu, 14 May 2020

The New Zealand dollar sank even further after the Federal Reserve suggested it doesn't plan to use negative interest rates which followed NZ's Reserve Bank leaving the door open to negative rates yesterday. The kiwi was trading at 59.81 US cents at 5.30pm in Wellington from 60.11 cents at 5pm yesterday. The trade-weighted index was at 67.83 from 68.01 yesterday. Fed chair Jerome Powell made clear he expects the US economic recovery will be U-shaped, not the V-shape markets have been betting on, and that congress and the White House shoul...

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