NZD hovers near 66 US cents ahead of RBNZ decision

Tue, 07 May 2019

By Rebecca Howard May 8 (BusinessDesk) - The New Zealand dollar hovered around 66 US cents amid US-China trade talk jitters and ahead of the Reserve Bank of New Zealand's rate decision later today. The kiwi was trading at 66.01 US cents versus 66.12 US cents at 5pm yesterday. The trade-weighted index was at 72.14 from 72.15. The "kiwi followed Australian dollar higher following the RBA’s hold decision yesterday, but the risk-off tone in global markets overnight has seen this more than fully unwind," ANZ Bank economists said in a morn...

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