NZ dollar range-bound as rate cut speculation continues

Thu, 13 Jun 2019

By Rebecca Howard June 14 (BusinessDesk) - The kiwi kept to a tight range as weak data in the US and Australia fuelled speculation of possible rate cuts in those economies. The New Zealand dollar was trading at 65.65 US cents at 8am in Wellington from 65.70 US cents at 5pm yesterday. The trade-weighted index was at 72.19 points from 72.22. In the US, a fall in import prices to the lowest level in five months supports the case for the Federal Reserve to cut interest rates this year, ANZ Bank says. Import prices for May were down 0.3 pe...

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