NZ dollar firms with improved US outlook; RBNZ speech no distraction

Fri, 29 Mar 2019

By Jenny Ruth March 29 (BusinessDesk) - The New Zealand dollar rose after the US dollar firmed amid a small recovery in bond yields and with US shares looking likely to end the quarter on a slightly better note. The kiwi was trading at 67.84 US cents at 5pm in Wellington from 68.06 at the same time yesterday and 67.83 at 8am this morning. It’s down about a cent from 68.75 where it finished in New York last Friday, reflecting the Reserve Bank’s abrupt change of stance on Wednesday. It said the next move in the official cash rate is like...

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