NZ dollar advances in tight trading range

Wed, 13 Nov 2013

By Tina Morrison Nov 14 (BusinessDesk) – The New Zealand dollar advanced in a tight trading range as investors mull the outlook for monetary stimulus in the US, and ahead of local economic data which is expected to show a strengthening economy. The kiwi rose to 82.55 US cents at 8am in Wellington, from 82.32 cents at the 5pm market close yesterday, having traded in a 65 basis point range overnight. The trade-weighted index increased to 77.20 from 77.07 yesterday. Investors are holding back on large bets on the currency amid uncertainty about...

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