NZ dollar tad weaker as markets expect RBNZ to try and talk it down

Wed, 21 Jun 2017

By Rebecca Howard June 21 (BusinessDesk) - The New Zealand dollar is slightly weaker as markets anticipate the central bank will attempt to jawbone it lower in tomorrow's official cash rate review while keeping rates on hold at 1.75 percent. The local currency traded at 72.16 US cents from 72.37 US cents as at 8am and 72.46 cents yesterday and was at 77.94 on a trade-weighted index basis from 78.06 yesterday. "There's a bit of waiting for tomorrow with the RBNZ out at 9am and there is a bit of expectation building that the RBNZ will s...

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