NZ dollar rises from near three-week low as RBNZ assessment looms

Mon, 18 Jul 2016

By Paul McBeth July 19 (BusinessDesk) - The New Zealand dollar bounced from near a three-week low as investors weigh up whether the Reserve Bank will try to jawbone a persistently strong currency lower and indicate an interest rate cut is likely next month. The kiwi increased to 71.12 US cents from 70.93 cents yesterday. The trade-weighted index rose to 75.98 from 75.74 yesterday. The local currency dropped to its lowest since June 30 yesterday after weaker-than-expected inflation heightened expectations the Reserve Bank will put mor...

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