NZ dollar weighed down by weak business confidence, awaiting central bank rate review

Wed, 27 Jun 2018

By Rebecca Howard June 27 (BusinessDesk) - The New Zealand dollar remained under pressure after a weak business confidence survey and ahead of the central bank’s rate decision tomorrow. The kiwi fell to 68.17 US cents as at 5pm in Wellington versus 68.50 at 8am and 68.92 yesterday. The trade-weighted index declined to 72.77 from 73.30. The kiwi was already weaker as global trade worries remain at the forefront of investors’ minds but today’s ANZ business confidence survey only added to the view that the Reserve Bank will not only keep...

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