NZ dollar falls as market digests Robertson comments on RBNZ, awaits new Fed chair

Mon, 30 Oct 2017

By Jonathan Underhill Oct. 30 (BusinessDesk) - The New Zealand dollar fell as traders digested comments from Finance Minister Grant Robertson that the Reserve Bank's mandate will be widened, while offshore, the announcement of the new Federal Reserve chair is keenly awaited. The kiwi fell to 68.58 US cents as at 5pm in Wellington from 68.79 cents in New York on Friday. The trade-weighted index fell to 72.78 from 73.12 at the end of last week. New Finance Minister Robertson told Television New Zealand's Q+A show yesterday that the Reser...

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