NZ dollar drifts lower, holds in recent range on US impasse; QSBO awaited

Mon, 07 Oct 2013

Oct. 7 (BusinessDesk) – The New Zealand dollar drifted lower, while remaining within its recent range, as the stalled budget talks in the US kept traders from taking big positions, while a business confidence survey tomorrow is expected to affirm the strength of the local economy. The kiwi traded at 82.82 US cents at 5pm in Wellington, from 83.12 US cents at the start of the day and down from 83.22 cents at the New York close on Friday. The trade-weighted index fell to 76.85 from 76.77 on Friday. The kiwi was marginally weaker after the gove...

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