NZ dollar edges up as traders place bets ahead of Reserve Bank interest rate decision tomorrow

Tue, 09 Jun 2015

By Tina Morrison June 10 (BusinessDesk) - The New Zealand dollar edged up ahead of the Reserve Bank's monetary policy statement tomorrow, with opinion divided over whether the benchmark interest will be cut or remain on hold. The kiwi advanced to 71.31 US cents at 8am in Wellington, from 71.08 cents at 5pm yesterday. The trade-weighted index gained to 74.70 from 74.42 yesterday. Traders are fine tuning their positions ahead of the Reserve Bank's decision tomorrow. Six of 16 economists expect RBNZ governor Graeme Wheeler to reduce the o...

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