NZ dollar edges higher ahead of RBNZ policy review under new governor Orr

Wed, 09 May 2018

By Paul McBeth May 10 (BusinessDesk) - The New Zealand dollar rose from a four-month low ahead of Reserve Bank governor Adrian Orr's first monetary policy statement, which is under close scrutiny for any deviation from the previous leadership. The kiwi gained to 69.81 US cents as at 8am in Wellington from 69.64 cents yesterday. The trade-weighted index increased to 73.24 from 73.13. Orr is expected to keep the official cash rate at 1.75 percent, with the future track likely to remain flat as inflation remains subdued with the RBNZ's...

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