NZ dollar weaker as market positions for dovish central bank statement

Tue, 08 Aug 2017

By Rebecca Howard Aug. 8 (BusinessDesk) - The New Zealand dollar fell on a trade-weighed index basis ahead of what is expected to be a dovish statement from the Reserve Bank on Thursday. The TWI was at 77.43 at 5pm from 77.93 late yesterday in Wellington. It traded at 92.90 Australian cents from 93.20 cents late yesterday and at 73.53 US cents versus 73.99 US cents yesterday. The central bank is widely expected to keep rates on hold at 1.75 percent at Thursday's rate review but is now expected to signal rates on hold for longer than p...

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