NZ dollar weakens ahead of RBNZ monetary policy statement

By Jenny Ruth | Tue, 11 Feb 2020


The New Zealand dollar fell further ahead of the Reserve Bank's monetary policy decision due tomorrow with investors increasingly bearish about the impact of the coronavirus crisis on the domestic economy. The kiwi was trading at 63.87 US cents at 5pm in Wellington, off the day's low at 63.76 cents but down from 64.06 cents at the same time yesterday. The trade-weighted index fell to 70.93 points from 71.17. "The market's getting quite beared up ahead of tomorrow. The market's definitely coming in for a more bearish statement tomorrow," s...