NZ dollar drifts as central bank meetings loom large

Mon, 25 Apr 2016

By Paul McBeth April 26 (BusinessDesk) - The New Zealand dollar was little changed as investors remain cautious ahead of Thursday when the Reserve Bank joins the US Federal Reserve and Bank of Japan in reviewing monetary policy. The kiwi traded at 68.45 US cents at 8am in Wellington from 68.57 cents at 5pm yesterday when it was unchanged from the New York close on Friday. The trade-weighted index declined to 72.27 from 72.50 last week. Traders are pricing in a 55 percent chance Reserve Bank governor Graeme Wheeler will cut the offici...

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