NZ dollar down on geopolitical tensions, less dovish than expected RBNZ

Thu, 10 Aug 2017

By Rebecca Howard Aug. 10 (BusinessDesk) - The New Zealand dollar fell as a less dovish than expected statement and forecasts from the central bank were overshadowed by tensions between the United States and North Korea. The kiwi traded at 73.09 US cents as at 5pm in Wellington from 73.26 US cents as at 8am in Wellington from 73.16 cents late yesterday. The trade-weighted index was at 77.11 from 77.19 yesterday. The kiwi initially gained when central bank Governor Graeme Wheeler kept the official cash rate at 1.75 percent with future p...

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