NZ dollar falls to month-low ahead of GDP report that may show slowing growth

Wed, 20 Jun 2018

By Jonathan Underhill June 21 (BusinessDesk) - The New Zealand dollar fell to its lowest levels in about a month ahead of figures that are expected to show economic growth slowed in the first quarter, undershooting the Reserve Bank's forecast. The kiwi dollar fell to 68.60 US cents as at 8am in Wellington, and earlier touched 68.57 cents, from 69.01 cents late yesterday. The trade-weighted index fell to 72.95 from 73.33. Economists expect the New Zealand gross domestic product grew 0.5 percent in the first quarter, down from 0.6 percen...

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