NZD falls after Orr says next rate decision not clear; US labour data strong

Thu, 11 Apr 2019

By Rebecca Howard April 12 (BusinessDesk) - The New Zealand dollar fell against the greenback after the central bank governor kept the door open for a May rate cut and as strong US labour market data eased fears of a possible slowdown in the economy there. The kiwi was trading at 67.28 US cents at 8am in Wellington from 67.62 at 5am. The trade-weighted index was at 73.02 points from 73.24. "It is a really mixed picture, it's just hard," Orr said in an interview with Bloomberg in Wellington on Thursday. "I don't know yet" whether there...

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