NZ dollar weaker after RBNZ cut; all eyes on US-China talks

Wed, 08 May 2019

By Rebecca Howard May 9 (BusinessDesk) - The New Zealand dollar was weaker after the domestic central bank cut rates to a record low 1.50 percent and as markets await news on the latest US-China trade talks. The kiwi was trading at 65.73 US cents at 7:45am in Wellington versus 65.89 US cents at 5pm. The trade-weighted index eased to 71.87 from 71.90. The kiwi took a tumble when the central bank cut the rate and rejigged its forecasts to show another cut is possible. Most economists are forecasting another cut this year and markets ha...

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