NZ dollar edges up as investors await developments in US political stalemate

Wed, 09 Oct 2013

By Tina Morrison Oct. 10 (BusinessDesk) – The New Zealand dollar edged up as investors continue to await the outcome of stalled budget talks in the US, as the deadline for lifting the US debt ceiling approaches. The kiwi traded in a 40 basis point range during Northern Hemisphere trading, about half its normal volatility, edging up to 83.02 US cents at 8am in Wellington, from 82.95 cents at the 5pm market close yesterday. The trade-weighted index advanced to 77.09 from 76.87 yesterday. Investors largely looked through this morning’s releas...

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