NZ dollar hovers around 66 US cents; markets await Powell's testimony

Tue, 09 Jul 2019

By Rebecca Howard July 10 (BusinessDesk) - The New Zealand dollar is hovering around 66 US cents ahead of US Federal Reserve chair Jerome Powell's testimony to Congress but continues to gain against the Aussie. The kiwi was trading at 66.05 US cents at 8am in Wellington from 66.29 cents at 5pm. It was at 95.32 Australian cents from 95.19 cents. Powell is due to testify at the House Financial Services Committee Wednesday morning and at Senate Banking on Thursday in the US. Markets will be looking for any clues about when the Fed plans t...

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