NZ dollar holds near 4-month low ahead of Reserve Bank rate review

Tue, 08 May 2018

By Rebecca Howard May 8 (BusinessDesk) - The New Zealand dollar held near a four-month low against the greenback as investors remain focused on Reserve Bank governor Adrian Orr's first monetary policy statement on Thursday. The kiwi was unchanged at 70.13 US cents as at 5pm from 8am in Wellington, and down slightly from 70.16 cents yesterday. The trade-weighted index was at 73.38 from 73.34. Barring a sharp move in the US dollar, the kiwi is expected to stick to a tight range ahead of this week's rate decision. While the central bank i...

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