NZ dollar ends first quarter weaker than RBNZ forecast on TWI basis

Fri, 31 Mar 2017

By Rebecca Howard March 31 (BusinessDesk) - The New Zealand dollar is weaker than the central bank forecast on a trade-weighted basis at the end of the first quarter, although it has largely held its ground against the greenback, benefiting from disappointment over US President Donald Trump's failure to deliver on campaign pledges. In its February monetary policy statement the central bank forecast the trade-weighted index would average 79 in the March quarter. It was trading at 75.88 as at 5pm in Wellington versus 77.42 at the beginnin...

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