NZ dollar falls as traders ponder prospects for RBNZ rate cut

Mon, 07 Dec 2015

By Paul McBeth Dec. 7 (BusinessDesk) - The New Zealand dollar fell as traders mulled the likelihood that the Reserve Bank will cut interest rates in its final meeting of the year, putting on a different path to the US where the Federal Reserve is poised to start tightening policy. The kiwi traded at 66.94 US cents at 5pm in Wellington, down from 67.36 cents at 8am and 67.44 cents on Friday in New York. The trade-weighted index increased to 72.46 from 72.26 last week. Economists anticipate Reserve Bank governor Graeme Wheeler will the...

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