NZ dollar steady ahead of central bank speeches

Mon, 20 May 2019

By Rebecca Howard May 21 (BusinessDesk) - The New Zealand dollar was steady ahead of speeches by US Federal Reserve chair Jerome Powell and Australia's central bank governor Philip Lowe. The kiwi was trading at 94.50 Australian cents at 8am in Wellington versus 94.44 late yesterday. It was at 65.32 US cents versus 65.37. "Amidst the global growth slowdown and trade tensions, financial markets have been fixated on central bank stimulus," said ANZ FX/rates strategist Sandeep Parekh. "Immediate attention is focusing on Fed Chair Powell’...

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