NZ dollar may extend fall after breaking technical support as Jackson Hole looms

Thu, 24 Aug 2017

By Rebecca Howard Aug. 24 (BusinessDesk) - The New Zealand dollar was virtually unchanged but remained at risk of falling further after breaking through some key levels ahead of the central bankers' symposium in Jackson Hole. The kiwi traded at 72.23 US cents as at 5pm in Wellington from 72.25 US cents as at 8am in Wellington and 72.31 US cents late yesterday. The trade-weighted index fell to 76.04 from 76.18. ANZ Bank New Zealand senior economist Phil Borkin said that while the kiwi has been fairly stable on the day it has now "brok...

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