NZ dollar treads water through Northern Hemisphere holidays

Mon, 27 May 2019

By Jenny Ruth May 27 (BusinessDesk) - The New Zealand dollar was little changed as 10-year wholesale money remained below 2 percent and, with much of the Northern Hemisphere on holiday on Monday night, New Zealand time, markets will probably continue treading water. The kiwi was trading at 65.51 US cents at 5pm in Wellington from 65.53 at about 8am while the trade-weighted index eased to 72.13 points from 72.15. The domestic currency “hasn’t even broken a 10 point range throughout the day,” says Mike Shirley, a dealer at Kiwibank. T...

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