NZ dollar extends slide as easing RBNZ contrasts with more upbeat Fed

Thu, 30 Jul 2015

The New Zealand dollar extended its decline, falling below 66 US cents as the prospect of more easing by the Reserve Bank dented the appeal of the kiwi in an enviroment where the US Federal Reserve prepares to hike interest rates. The kiwi was trading at 66.02 US cents as at 8.30am in Wellington, having earlier fallen as low as 65.64 cents, from 66.39 cents late yesterday.The trade-weighted index fell to 70.53 from 70.74. RBNZ governor Graeme Wheeler's speech this week warned traders against expecting big further cuts to the official cash...

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