NZ dollar falls below 70 US cents, further rate cuts seen

Sun, 14 Jun 2015

By Tina Morrison June 15 (BusinessDesk) - The New Zealand dollar ended last week below the key 70 US cent level and touched a five-year low over the weekend after the Reserve Bank cut interest rates and traders priced in further reductions in coming months. The kiwi was trading at 69.93 US cents at 8am in Wellington, from 69.81 cents at the New York close and 70.04 cents at 5pm on Friday. It touched 69.41 US cents ahead of the New York close, the lowest level since July 2010. The New Zealand dollar tumbled last week after Reserve Bank...

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