RESEND: NZ dollar drops on prospect of flatter rate track in RBNZ policy review

Tue, 08 Aug 2017

(Fixes euro day earlier figure in 6th paragraph) By Paul McBeth Aug. 9 (BusinessDesk) - The New Zealand dollar extended its decline on growing anticipation the Reserve Bank will take a more dovish tone and may adopt an even flatter interest rate track in tomorrow's monetary policy statement. The kiwi fell to a three-week low and was trading at 73.23 US cents as at 8am in Wellington from 73.53 cents yesterday. The trade-weighted index declined to 77.19 from 77.43 yesterday. New Zealand's currency has dropped 2.5 percent so far this...

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