NZ dollar falls ahead of RBNZ report, retail sales

Tue, 12 May 2015

By Jonathan Underhill May 12 (BusinessDesk) - The New Zealand dollar fell ahead of the Reserve Bank's financial stability report and retail sales data for the first quarter, as traders scrutinise anything that could add to the case for interest rate cuts. The kiwi traded at 73.59 US cents as at 5pm in Wellington, from 73.83 cents late yesterday, but up from an eight-week low of 73.30 US cents it touched overnight. The trade-weighted index fell to 76.16 from 76.45 yesterday. The financial stability report may include new policy to tight...

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