NZ dollar dips after weak current account data, pares slide ahead of Fed

Wed, 14 Jun 2017

By Rebecca Howard June 14 (BusinessDesk) - The New Zealand dollar dipped against the greenback on weaker-than-expected domestic current account data but squeezed back up over the day as investors await the news from the Federal Reserve's policy meeting and local gross domestic product data. The kiwi was trading at 72.21 US cents as at 5pm versus 72.24 cents late yesterday. It dipped to around 72 US cents after the first quarter current account surplus was a smaller-than-expected $244 million versus a revised fourth-quarter deficit of $2....

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