NZ dollar slips as investors weigh competing tensions ahead of RBNZ decision

Mon, 21 Jul 2014

By Tina Morrison July 22 (BusinessDesk) - The New Zealand dollar slipped as investors weigh the negative signs of a slowing economy against the lure of rising interest rates. The kiwi edged lower to 86.89 US cents at 8am in Wellington, from 87.12 cents at 5pm yesterday. The trade-weighted index declined to 80.91 from 81.05 yesterday. The New Zealand dollar fell last week following more upbeat testimony from Federal Reserve chair Janet Yellen which boosted the greenback, and as a drop in dairy prices and slower-than-expected inflation d...

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