NZ dollar edges higher as traders await key RBNZ interest rate decision

Wed, 10 Jun 2015

By Tina Morrison June 11 (BusinessDesk) - The New Zealand dollar edged higher as traders await the outcome of the Reserve Bank monetary policy statement today, with opinion divided on the likelihood of an interest rate cut. The kiwi advanced to 71.98 US cents at 8am in Wellington, from 71.53 cents at 5pm yesterday. The trade-weighted index gained to 74.96 from 74.72 yesterday. Traders are pricing in a 46 percent chance Reserve Bank governor Graeme Wheeler will cut the 3.5 percent official cash rate by 25 basis points, according to the...

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