New Zealand dollar heads for 1.7% weekly fall as RBNZ talks down early rate hikes

Fri, 10 Feb 2017

By Rebecca Howard Feb. 10 (BusinessDesk) - The New Zealand dollar is heading for a 1.7 percent fall against the greenback this week, in a quiet end to the week after the central bank signalled plans to keep interest rates hold for some time yet. The kiwi dropped to 71.91 US cents as at 5pm in Wellington from 73.15 cents on Friday in New York last week, and little changed from 71.84 cents as at 8am and 71.96 cents late yesterday. The trade-weighted index was at 78.36 versus 78.32 yesterday and heading for a 0.9 percent weekly decline....

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