NZ dollar falls ahead of RBNZ economic assessment

Wed, 20 Jul 2016

By Paul McBeth July 21 (BusinessDesk) - The New Zealand dollar fell ahead of the Reserve Bank's update on the economy this morning, where governor Graeme Wheeler is expected to flag an interest rate cut next month. The kiwi dropped to 70.15 US cents at 8am in Wellington from 70.56 cents yesterday. The trade-weighted index declined to 75.33 from 75.68 yesterday. The Reserve Bank will today issue a statement giving its view on the economy in an off-schedule announcement, which it said fills the gap between the June and August monetary...

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