TWI heads for 1.8% weekly decline; RBNZ update keeps markets guessing

Fri, 15 Jul 2016

By Paul McBeth July 15 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly fall on a trade-weighted basis as traders second-guess what the Reserve Bank will say when it gives an updated view on the economy next Thursday, and ahead of Monday's inflation print. The trade-weighted index fell to 76.13 from 77.54 last week, and is down from 76.81 yesterday. The kiwi is heading for a 2.1 percent weekly drop against the greenback, trading at 71.54 US cents at 5pm in Wellington from 73.04 cents on Friday in New York last w...

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