NZ dollar falls back toward 72 US cts with little to set direction as Yellen, Draghi awaited

Thu, 24 Aug 2017

By Jonathan Underhill Aug. 25 (BusinessDesk) - The New Zealand dollar fell back toward 72 US cents in the absence of much market-moving news and as traders await speeches from the European Central Bank chief Mario Draghi and Federal Reserve chair Janet Yellen. The kiwi slipped to 72.08 US cents as at 8am in Wellington, and earlier touched 71.92 cents, from 72.23 cents late yesterday. The trade-weighted index fell to 75.85 from 76.04 yesterday. Financial markets are looking to the central bankers' symposium in Jackson Hole, Wyoming, to...

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