NZ dollar heads for 2.5 percent monthly fall as bevy of central bank meetings loom in September

NZ dollar heads for 2.5 percent monthly fall as bevy of central bank meetings loom in September
By Paul McBeth Aug. 30 (BusinessDesk) - The New Zealand dollar is heading for a 2.5 percent fall in August, a month where emerging markets were heavily sold off, the country’s dairy industry was exposed to a false food scare, and investors speculated the Federal Reserve will start unwinding its money printing programme next month. The kiwi traded 77.72 US cents at 5pm in Wellington from 77.73 cents at 8am, down from 78.32 cents yesterday. It started the week at 78.27 cents and ended July at 79.82 cents. The trade-weighted index fell to 73.69...