NZ dollar falls as business confidence sinks to 6-year low, US jobs data eyed

Mon, 31 Aug 2015

By Jonathan Underhill Aug. 31 (BusinessDesk) - The New Zealand dollar fell after figures showed business confidence sank to a six-year low this month, stoking speculation the Reserve Bank will be prepared to make deeper cuts to interest rates to revive an economy showing little sign of accelerating inflation. The kiwi fell to 64.21 US cents as at 5pm, in Wellington, from 64.53 cents at the New York close on Friday. The trade-weighted index fell to 69.49 from 69.98. The ANZ Business Outlook showed a net 29 percent of businesses surveyed...

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