NZ dollar falls to 3-week low ahead of RBNZ rate decision

Mon, 11 Nov 2019

The New Zealand dollar is trading near a three-week low against the greenback ahead of a local rate decision and as the economic outlook improves in the US.The kiwi was trading at 63.19 US cents at 8am in Wellington, from 63.63 cents Friday and 63.30 cents in New York. The trade-weighted index was at 69.88 from 70.09.The US dollar firmed last week on the back of rising interest rates, and even negative comments from US President Donald Trump on the latest US-China trade talks weren’t enough to stall the fifth week of straight gains by the S&...

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