NZ dollar falls ahead of RBNZ review that may include lower bank bill track, kiwi comments

Wed, 09 Mar 2016

By Jonathan Underhill March 9 (BusinessDesk) - The New Zealand dollar fell against the greenback amid expectations tomorrow's Reserve Bank statement will anticipate a decline in short-term interest rates and comment that the kiwi dollar is higher than warranted given weak commodity prices and moderate domestic economic growth. The kiwi fell to 67.19 US cents as at 5pm in Wellington, from 67.69 cents yesterday. The trade-weighted index declined to 72.35 from 72.76. While most traders don't expect a cut to the 2.5 percent official cash r...

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