NZ dollar extends decline as traders eye rate track in data-heavy week

Mon, 15 Jun 2015

By Paul McBeth June 15 (BusinessDesk) - The New Zealand dollar extended its decline after sinking below 70 US cents last week for the first time in five years, with traders awaiting economic data this week for clues to the track of interest rates. The kiwi fell to 69.67 US cents at 5pm in Wellington from 69.93 cents at 8am and 69.81 cents on Friday in New York. The trade-weighted index declined to 72.86 from 73.10 last week. The Reserve Bank's decision to cut the official cash rate a quarter-point to 3.25 percent last week has investor...

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