Kiwi holds last week's gains, steady against greenback

Sun, 11 Nov 2018

By Margreet Dietz Nov. 12 (BusinessDesk) - The New Zealand dollar held steady against the greenback, maintaining last week’s gains, as investors await data slated for release today including domestic electronic card transactions and ANZ’s monthly gauge of inflation. The kiwi traded at 67.33 US cents at 8.40 am in Wellington from 67.37 cents late Friday. The trade-weighted index was at 73.70 from 73.57. “There is some decent resistance up near 68 US cents for kiwi,” ANZ Bank New Zealand economist Miles Workman and senior macro strategi...

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