NZ dollar falls amid negative interest rate speculation

Tue, 28 Apr 2020

The New Zealand dollar ran out of the oomph that propelled it higher over the long weekend amid speculation the Reserve Bank may take its official cash rate negative in its efforts to cushion the economic impact of the coronavirus crisis. The kiwi was trading at 59.97 US cents at 5pm in Wellington compared with 60.61 cents at the same time yesterday and 60.17 cents in New York on Friday. "There was heightened talk about the possibility of the RBNZ shifting the cash rate to negative some time this year. That's been the key driver today," s...

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