NZ dollar barely budges ahead of RBA policy review

Mon, 06 Aug 2018

By Paul McBeth Aug. 7 (BusinessDesk) - The New Zealand dollar barely moved as investors prepare for central bank meetings on both sides of the Tasman, with little action on the trade war front overnight. The kiwi traded at 67.31 US cents as at 8am in Wellington from 67.36 cents yesterday and was at 91.07 Australian cents from 91.16 cents. The Reserve Bank of Australia is expected to keep the target cash rate at 1.5 percent today, with gross domestic product seen growing around a 3 percent pace on the other side of the Tasman. While t...

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