NZ dollar falls to 4-week low as traders increase bets for rate cut in November

Sun, 25 Sep 2016

The New Zealand dollar fell to a four-week low as traders increased bets the Reserve Bank will cut the official cash rate in November after the bank last week cited "sustained" weakness in inflation while flagging the need for further easing. The kiwi dropped to 72.28 US cents as at 8am in Wellington, having touched 72.22 cents in late New York trading on Friday, the lowest since Aug. 31 and down from 72.74 cents in Wellington at the end of last week. The trade-weighted index declined to 76.87 from 76.90 in New York and from 77.20 in late As...

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