NZ dollar falls as expected rate cut this week seen as start of deeper easing cycle

Mon, 08 Aug 2016

By Jonathan Underhill Aug. 8 (BusinessDesk) - The New Zealand dollar fell to its lowest level in more than a week on speculation an interest rate cut widely expected from the Reserve Bank this week may be the start of a deeper easing cycle. The kiwi traded at 71.11 US cents as at 5pm in Wellington, and earlier dipped as low as 70.86 cents after unexpectedly weak Chinese trade data, from 71.31 US cents in late New York trading on Friday. The trade-weighted index fell to 75.61 from 75.92 at the end of last week. Twenty-four out of 25 eco...

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