NZ dollar falls to six-week low before stability report as commodities fall, US dollar selloff abates

Tue, 10 May 2016

By Jonathan Underhill May 10 (BusinessDesk) - The New Zealand dollar fell to a six-week low ahead of the financial stability report, which may consider further measures to cool the housing market, removing an impediment to an interest rate cut by the Reserve Bank. The kiwi dropped to 67.43 US cents as at 5pm, in Wellington, from 68.41 cents late yesterday. The trade-weighted index fell to 72.08 from 72.79 yesterday. The New Zealand dollar has fallen along with other commodity-linked currencies with the decline in prices of raw material...

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