NZ dollar declines ahead of Reserve Bank interest rate decision, investors eye outlook

Wed, 11 Dec 2013

By Tina Morrison Dec. 12 (BusinessDesk) – The New Zealand dollar declined ahead of the Reserve Bank decision on interest rates today where investors will be eyeing signals for when hikes may start next year. The kiwi slipped to 82.36 US cents at 8am in Wellington, from 82.78 cents at 5pm yesterday. The trade-weighted index weakened to 77.21 from 77.53. Reserve Bank governor Graeme Wheeler is expected to keep the official cash rate at 2.5 percent at his last monetary policy statement of the year at 9am today, while he balances the need for fu...

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