NZ dollar edges up as local trading resumes, RBNZ rate review eyed

Tue, 22 Apr 2014

By Paul McBeth April 22 (BusinessDesk) - The New Zealand dollar edged up as local trading resumed after the Easter holiday, with investors eyeing Thursday’s monetary policy review when interest rates are expected to be hiked for a second time in as many months. The kiwi increased to 85.79 US cents at 5pm in Wellington from 85.59 cents at 8am and 85.65 cents in Asian trading yesterday. The trade-weighted index was little changed at 79.76 from 79.85 yesterday. Traders have priced in a 97 percent chance for a rate hike by Reserve Bank on Thu...

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