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Kiwi Retreats After RBNZ Signals Need for Further Policy Easing

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New Zealand’s dollar fell for the first time in four days after the central bank signaled further policy easing will be needed and the Federal Reserve refrained from tightening.

The kiwi was down 0.2 percent at 73.36 U.S cents as of 8:52 a.m. in London after rising as much as 0.3 percent against the greenback earlier in the session. The currency ended a 1.2 percent gain over the past three days.