NZ dollar heads for modest weekly decline as global outlook trumps RBNZ's looming review

Fri, 22 Apr 2016

By Jonathan Underhill April 22 (BusinessDesk) - The New Zealand dollar is heading for a 0.1 percent weekly decline, having given up the gains that pushed it to a 10-month high, amid speculation rising commodity prices and an improving global economy argues for higher interest rates from the Federal Reserve. The kiwi traded at 69.09 US cents as at 5pm in Wellington, down from 69.73 cents late yesterday and little changed from 69.26 cents this time last week. The trade-weighted index fell to 72.76 from 73.19 yesterday. While traders are...

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