NZ dollar heads for 0.8 percent fall in short week as RBNZ rate review looms

Thu, 17 Apr 2014

By Paul McBeth April 17 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent fall in a shortened week ahead of the Reserve Bank’s rate review next Thursday. The kiwi dropped to 86.16 US cents at 5pm in Wellington from 86.86 cents on Friday in New York, and from 86.27 cents at 8am and 85.87 cents yesterday. The trade-weighted index traded at 79.97 from 79.75 yesterday, and is heading for a 0.4 percent weekly decline from 80.26. A BusinessDesk survey of 10 traders and strategists on Monday predicted the kiwi would trade betwe...

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