NZ dollar falls as weak data fuels rate cut expectations, Greek impasse weighs

Tue, 30 Jun 2015

By Paul McBeth June 30 (BusinessDesk) - The New Zealand dollar fell as downbeat business confidence and soft building intentions stoked expectations for deeper interest rate cuts than previously thought, while the Greek debt impasse continued to sap investors' appetite for riskier assets. The kiwi fell to 68 US cents at 5pm in Wellington from 68.60 cents at 8am and 68.33 cents yesterday. The trade-weighted index declined to 71.13 from 71.69. New Zealand firms grew pessimistic about the country's economic outlook for the first time in f...

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