NZ dollar tad weaker, ECB, Federal Reserve in focus

Mon, 22 Jul 2019

By Rebecca Howard July 23 (BusinessDesk) - The New Zealand dollar was slightly weaker ahead of upcoming rate decisions by the European Central Bank and the US Federal Reserve. The kiwi was trading at 67.63 US cents at 7:50 am in Wellington versus 67.74 US cents at 5pm. The trade-weighted index was at 73.92 from 74.05. According to Reuters, traders see about a 46 percent chance that European policymakers will lower a key deposit rate by 10 basis points on Thursday to minus 0.50 basis points due to global trade tensions and tepid regiona...

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