NZ dollar falls vs Australian dollar, greenback on speculation RBNZ could cut next week

Thu, 21 Apr 2016

By Jonathan Underhill April 21 (BusinessDesk) - The New Zealand dollar fell from a 10-month high against the greenback and dropped versus the Australian dollar amid speculation the Reserve Bank may try to drive the kiwi lower by cutting rates next week when most in the market expect it to wait until June. The kiwi traded at 69.72 US cents at 5pm in Wellington from 70.08 cents late yesterday, when it touched a 10-month high of 70.54 cents. The local currency fell to 89.27 Australian cents from 90.01 cents yesterday. There is currently a...

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