NZ dollar rises on RBNZ official's speech notes, Fed comments

Wed, 05 Jun 2019

By Jenny Ruth June 5 (BusinessDesk) - The New Zealand dollar rose as the US dollar reached a seven-week low and on the release of a speech a Reserve Bank official gave in Tokyo last week in which he indicated that interest rates will probably be on hold for the foreseeable future. The kiwi rose to 66.30 US cents at 5pm in Wellington, off the day’s high at 66.36 immediately after assistant governor Christian Hawkesby’s speech was released, but up from 66.16 at 7:50am. The trade-weighted index rose to 72.71 points from 72.52. Hawkesby to...

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