NZ dollar edges back toward 4-month high at start of OCR week

Sun, 18 Jun 2017

By Jonathan Underhill June 19 (BusinessDesk) - The New Zealand dollar struggled to gain traction against the US dollar after weaker US housing and consumer confidence figures, as traders locally look ahead to the Reserve Bank's rates review on Thursday. The kiwi rose to 72.52 US cents as at 8am in Wellington from 72.48 cents in late new York trading on Friday. It reached as high as 73.19 cents last week, the highest since Feb. 8. The trade-weighted index was at 77.95 from 77.92. US housing starts and building permits were both weaker t...

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