NZ dollar falls in tight range with subdued volatility measures as dairy auction looms

Tue, 16 May 2017

By Paul McBeth May 16 (BusinessDesk) - The New Zealand dollar fell while continuing to trade in a narrow range as investors brushed off heightened uncertainty around North Korea and the Trump administration in the US and push stocks on Wall Street to new highs. The kiwi traded at 68.61 US cents as at 5pm in Wellington from 68.76 cents at 8am and 68.73 cents yesterday. The trade-weighted index was at 74.86 from 74.88. The Chicago Board Options Exchange's Volatility Index, known as Wall Street's 'fear gauge', is sitting near its lowest...

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