NZ dollar falls after RBNZ stands pat, markets cheered by Trump's tax plans

Thu, 28 Sep 2017

By Rebecca Howard Sept. 28 (BusinessDesk) - The New Zealand dollar fell against the greenback after the Reserve Bank kept rates on hold as widely expected and reiterated hikes were not on the immediate horizon, and as investors were cheered by proposed US tax plans. The kiwi declined to 71.92 as at 5pm in Wellington from 72.17 US cents as at 8am in Wellington and 72.09 cents late yesterday. The trade-weighted index rose to 76.03 from 75.85 yesterday. Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1...

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