NZ dollar heads for 0.2% weekly decline as markets eye central banks

Fri, 01 May 2015

By Paul McBeth May 1 (BusinessDesk) - The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback as markets digest the Reserve Bank's formal shift to an easing bias, and ahead of next week's monetary policy review in Australia. The kiwi slipped to 75.87 US cents at 5pm in Wellington from 76.05 cents last Friday in New York, down from 76.31 cents at 8am and 76.17 cents yesterday. The trade-weighted index dropped to 78.34 from 78.41 yesterday, and is heading for a 0.7 percent weekly decline. Investors are as...

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