NZ dollar firms a little; traders still eyeing an OCR cut

Thu, 02 May 2019

By Jenny Ruth May 2 (BusinessDesk) - The New Zealand dollar recovered some of the ground lost after the US Federal Reserve appeared to take a rate cut off the table - but it is probably headed lower. The kiwi was trading at 66.31 US cents at 5pm in Wellington from 66.19 at 8am. The trade-weighted index rose to 72.33 points from 72.24. “It was a small rebound – most currencies experienced a small rebound,” said Imre Speizer, market strategist at Westpac. But it’s still all about interest rate differentials and Powell said the pullbac...

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