NZ dollar holds gains after Reserve Bank toned down currency talk

Thu, 23 Jul 2015

By Tina Morrison July 24 (BusinessDesk) - The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate by a quarter point and toned down its call for more falls in the currency, disappointing some who had bet on a larger cut. The kiwi was trading at 66.10 US cents at 8am in Wellington, from 66.29 cents at 5pm yesterday and 65.65 cents ahead of the Reserve Bank's interest rate decision released at 9am yesterday. The trade-weighted index was at 70.36 at 8am from 70.50 at 5pm yesterday an...

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