NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting

Mon, 26 Jan 2015

By Tina Morrison Jan. 27 (BusinessDesk) - The New Zealand dollar touched a fresh three-year low as traders speculate that Reserve Bank governor Graeme Wheeler will remove the prospect of higher interest rates at Thursday's official cash rate review and may signal rates are headed lower. The kiwi reached 73.94 US cents, its lowest level since November 2011 when it touched 73.67 cents. The local currency was trading at 74.03 US cents at 8am in Wellington, from 74.29 cents at 5pm yesterday. The trade-weighted index declined to 76.52 from 76....

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