Kiwi declines as Reserve Bank is unlikely to raise interest rates

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The kiwi depreciated versus all its 16 major counterparts following weekly decrease to 1.4%, as New Zealand's central bank is unlikely to increase borrowing costs, a measure that could boost the currency and negatively affect the exports. The New Zealand's currency slipped 0.3% to NZ$1.1540 per Australian Dollar at 4:52 pm in Sydney, while it weakened 0.4% to 83.23 U.S. cents, after reaching 82.98, the weakest since October 14.
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