NZ dollar falls vs Aussie on wider January trade deficit

Tue, 27 Feb 2018

By Rebecca Howard Feb. 27 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after traders were surprised by local trade data unexpectedly showing the biggest January trade deficit since 2007. The kiwi dropped to 92.78 Australian cents as at 5pm in Wellington from 93.10 late yesterday. The local currency fell to 72.76 US cents from 73.18 cents yesterday as investors await clues on the future track for US interest rates in Federal Reserve chair Jerome Powell's debut testimony to Congress later in the global...

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