NZ dollar touches fresh lows as weakening economy stokes calls for interest rate cuts

Tue, 30 Jun 2015

By Tina Morrison July 1 (BusinessDesk) - The New Zealand dollar touched its lowest level in more than five years against the greenback and the pound, and its lowest against the Australian dollar in a year and a half, after signs the economy is slowing stoked expectations the Reserve Bank would make further interest rate cuts. The kiwi dropped as low as 67.45 US cents, and was trading at 67.73 cents at 8am in Wellington, from 68.06 cents at 5pm yesterday. The local currency touched 42.92 British pence and was trading at 43.10 pence at 8am,...

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