NZ dollar falters ahead of next week's domestic rate decision

Thu, 02 May 2019

By Rebecca Howard May 3 (BusinessDesk) - The New Zealand was weaker ahead of next week’s domestic policy review and as investors pare back expectations of any rate cut in the United States. The kiwi was trading at 66.15 at 9am in Wellington versus 66.31 US cents at 5pm in Wellington. The trade-weighted index was at 72.27 from 72.33. The greenback got a lift after US Federal Reserve chairman Jerome Powell said factors keeping inflation muted might be “transitory,” leading markets to pare back expectations that the US might move to cut r...

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