NZ dollar pares losses ahead of RBNZ rate decision

Mon, 23 Sep 2019

By Rebecca Howard Sept. 24 (BusinessDesk) - The New Zealand dollar continued to recover as investors take positions ahead of tomorrow’s rate decision by the Reserve Bank of New Zealand. The kiwi was trading at 62.91 US cents at 8:10 am in Wellington from 62.74 cents at 5:05pm yesterday. The trade-weighted index was at 70.08 from 69.84. Kiwibank senior portfolio manager Ross Weston said the market is extremely short the New Zealand dollar, betting that it will continue moving lower. However, some investors will be pulling back a bit...

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