NZ dollar, down 6.1 percent since last RBNZ meeting, little changed before MPS

Wed, 12 Jun 2013

By Paul McBeth June 12 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors await Reserve Bank governor Graeme Wheeler’s response to a 6.1 percent slide in the currency against the greenback since his last review. The kiwi traded at 78.76 US cents at 5pm in Wellington from 78.65 cents at 8am and 78.80 cents yesterday. The trade-weighted index fell to 73.45 from 73.76 yesterday. Central bank governor Wheeler is expected to keep the official cash rate at a record-low 2.5 percent tomorrow, though traders wil...

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