NZ dollar edges up from lows ahead of RBNZ update as August rate cut priced in

Wed, 20 Jul 2016

By Jonathan Underhill July 20 (BusinessDesk) - The New Zealand dollar edged up from its lowest levels in a month ahead of an economic update from the Reserve Bank tomorrow morning, which many traders are speculating will signal an interest rate cut in August. The kiwi traded at 70.56 US cents as at 5pm in Wellington, up from 70.27 cents late yesterday when it tumbled following the Reserve Bank's announcement of further measures to cool the housing market. The trade-weighted index slipped to 75.68 from 75.74 yesterday. The Reserve Bank...

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