NZ dollar falls back toward 69 US cents, sinks to 3-month low vs Aussie

Mon, 14 May 2018

By Jonathan Underhill May 15 (BusinessDesk) - The New Zealand dollar extended its slide, nearing 69 US cents and sinking to a three-month low against the Aussie after last week's dovish Reserve Bank statement gave investors less reason to hold the local currency. The kiwi dollar fell to 69.11 US cents as at 8am from 69.61 cents late yesterday. It dropped to 91.80 Australian cents from 92.15 cents yesterday. Last week the Reserve Bank indicated that interest rates would stay at record low levels through until early 2020 as inflation re...

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