NZ dollar slips back to about 70 US cents in week where RBNZ expected to reiterate rates on hold

Sun, 19 Mar 2017

By Jonathan Underhill March 20 (BusinessDesk) - The New Zealand dollar eased back to about 70 US cents at the start of a week in which the Reserve Bank is expected to reiterate it won't raise interest rates any time soon, with the on-hold view reinforced by weaker growth figures. The kiwi dollar traded at 70 US cents as at 8am in Wellington from 70.17 cents in New York on Friday and 69.90 cents in Wellington at the end of last week. The trade-weighted index was at 76.18 from 76.20 in New York. The Reserve Bank is scheduled to release i...

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