NZ dollar edges lower as ANZ Bank sees heightened chance for rate cut

Mon, 20 Aug 2018

By Rebecca Howard Aug. 20 (BusinessDesk) - The New Zealand dollar dipped as investors latched on to an ANZ Bank New Zealand report highlighting the growing chance of an interest rate cut. The kiwi traded at 66.22 US cents at 5pm in Wellington versus 66.32 cents at 8am and 66.36 cents on Friday in New York. The trade-weighted index declined to 71.79 from 71.97 last week. Investors had thought the local currency would benefit as talks between US and Chinese officials this week were seen as calming heightened trade tensions betwee...

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