NZ dollar falls across the board after RBNZ's Orr keeps OCR at 1.75%, signals no change

Thu, 10 May 2018

By Rebecca Howard May 10 (BusinessDesk) - The New Zealand dollar fell sharply against the Canadian dollar in a broad-based decline after the Reserve Bank kept interest rates at a record low and said the next move could be up or down. Canada's currency benefited from positive data and rising oil prices. The kiwi dropped to 88.76 Canadian cents as at 5pm in Wellington from 89.78 Canadian cents just before the central bank's monetary policy statement. It fell to 69.12 US cents from 69.83 cents before the release and 69.64 cents yesterday....

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