NZ dollar keeps falling, touches fresh six-week low

Thu, 24 Jul 2014

By Tina Morrison Jul. 25 (BusinessDesk) - The New Zealand dollar was the weakest major currency overnight, touching a fresh six-week low after Reserve Bank governor Graeme Wheeler yesterday signalled conditions were ripe for currency intervention. The kiwi touched a low of 85.65 US cents overnight, and was trading at 85.76 cents at 8am in Wellington, from 85.82 cents at 5pm yesterday and 87.02 cents immediately before Wheeler's comments at 9am yesterday. The trade-weighted index was little changed at 79.94 from 79.91 yesterday. Wheeler...

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