NZ dollar treads water ahead of major markets opening

NZ dollar treads water ahead of major markets opening
Jenny Ruth
The New Zealand dollar was little changed, buoyed by the Reserve Bank offering to repurchase corporate paper from banks to allow them to continue lending but offset by the greenback recovering from a bout of heavy selling. The kiwi was trading at 60.22 US cents at 5pm in Wellington from the close in New York on Friday at 60.35 cents. The trade-weighted index was at 68.89 from 68.44 at 5pm local time on Friday. New Zealand's central bank will hold an open market operation each Tuesday at 11am and will typically offer to buy up to $500 mill...

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