The New Zealand dollar fell ahead of the pre-election fiscal and economic update this morning and as the greenback gained before the annual central banking conference in Jackson Hole, Wyoming later this week.
The kiwi declined to 72.75 US cents as at 8am in Wellington from 73.24 cents late yesterday. The trade-weighted index was at 76.62 from 77.01.
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Central bankers from around the world will make their annual trip to Jackson Hole, where the main focus will be on a speech by US Federal Reserve chair Janet Yellen and the European Central Bank president Mario Draghi. Meanwhile, in New Zealand the government will unveil the state of the books in the Prefu, which will give political parties a yardstick for their spending promises.