New Zealand Dollar today lost slightly after enjoying the peak level over US72c over the last two months. According to the dealers, the all-time-high level enjoyed by the Dollar was resultant of the robust business sector incomes in the new season in US as well as the stability appearing in the firm equity markets. Meanwhile, they said that the dip in the Dollar, as reported today, was due to slip in the Australian Dollar and the Euro. NZ Dollar dipped to US71.64c at 5pm from US71.84c as recorded at 8am. As per figures drawn out of retail sales data for May and the Real Estate Institute of New Zealand data for June, the indigenous demands fell significantly, indicating a need for Reserve Bank of New Zealand to get the monetary policies running an easy speed. As recorded at 5pm today, NZ Dollar jumped to a two-week high against the Japanese currency at 63.73 Yen, rising from 63.02 Yen, yesterday. In the meantime, trade weighted index surged to 67.86 at 5pm from 67.71, yesterday. "The market’s expecting reasonably good reports, but the actual data shows there’s a risk that it’s not as good as they think", said Derek Rankin, Director Rankin Treasury Advisory Ltd.

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