NZ dollar falls ahead of busy week for labour data, dairy, RBA

NZ dollar falls ahead of busy week for labour data, dairy, RBA
By Jonathan Underhill May 4 (BusinessDesk) - The New Zealand dollar fell at the start of what may be a bumpy week for currency markets, with the Reserve Bank of Australia set to cut rates, the latest dairy auction and labour data from Australia, New Zealand and the US. The kiwi fell to 75.25 US cents at 5pm in Wellington, from 75.34 cents at the New York close and 75.85 cents at 5pm in Wellington on Friday. The trade-weighted index slipped to 78 from 78.34 on Friday. Traders are currently pricing in a 73 percent chance that the RBA wil...