NZ dollar TWI extends fall on prospect of RBNZ warning

Thu, 14 Jul 2016

By Paul McBeth July 15 (BusinessDesk) - The New Zealand dollar continued its decline on a trade-weighted basis after the Reserve Bank surprised traders saying it would give an updated assessment of the economy next week, stoking expectations it's laying the groundwork for a rate cut next month. The trade-weighted index fell to 76.62 at 8am in Wellington from 76.81 yesterday and 77.57 before the RBNZ notice. The kiwi was little changed at 71.98 US cents from 72.04 cents yesterday. Traders are pricing in a 69 percent chance the Reserve...

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