(RTTNews) - The New Zealand dollar edged lower on Tuesday following the nation's Prime Minister John Key said the Reserve Bank of New Zealand has scope to cut rates as currency gains ease pressure on the central bank. Key added further that the strong NZ dollar would make economy halting and government's stance is to avoid fiscal stimulus.
The kiwi lost ground against its key counterparts following the comments, falling to 1.5141 against the euro, 64.10 against the yen, 0.8189 against the US dollar and 1.2920 against the Australian dollar around 3:10 am ET.
