NZD steady, focus on RBNZ rate decision

Sun, 23 Jun 2019

By Rebecca Howard June 24 (BusinessDesk) - The New Zealand dollar is steady against the greenback ahead of this week's domestic monetary policy review. The kiwi was trading at 65.89 US cents at 8am am versus 65.87 late Friday in New York. The trade-weighed index was at 72.03 from 72.02. The New Zealand dollar has benefited after the US Federal Reserve turned more dovish last week, stating it is prepared to do whatever is “appropriate to sustain the expansion” as the US economy starts to show signs of weakness and US-China trade tensio...

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