NZ dollar becalmed, awaiting reasons to move

By Jenny Ruth | Mon, 18 Nov 2019


The New Zealand dollar was little changed as the market awaited further explanations from central banks in Australia and the United States of their current monetary policy stances and for further news on whether the US and China will sign their long-promised interim trade deal. The kiwi was unchanged at 64.02 US cents at 5pm in Wellington from 8am while the trade-weighted index was at 70.72 points from 70.75. The domestic currency traded an unusually narrow 15-point range. "It's eye-catching for its stability," says Imre Speizer, curre...