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Kiwi falls for fourth straight session versus US dollar

Economies.com
2018-06-28 03:23 UTC

New Zealand dollar fell in Asian trade to early June, 2016 lows against the US dollar, following earlier developments from New Zealand and ahead of US data later today. 

 

As of 03:11 GMT, Kiwi inched down 0.10% versus the US dollar to 0.6784 from the opening of 0.6791, with an intraday high at 0.6811, and a two-year nadir at 0.6769. 

 

New Zealand's central bank voted to hold interest rates unchanged at 1.75% for the 11th meeting in a row. 

 

Now markets await the final reading for first quartet US GDP growth, expected to come at 2.2%, down from 2.9% in the fourth quarter of 2017. 

 

US unemployment claims are expected to have risen by 2 thousand to 220 thousand in the week ending June 23, while continuing claims are forecasts to have dipped by 5 thousand to 1.718 million in the week ending June 16. 

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