NZ dollar gains as RBNZ's bid to talk down currency falls short of expectations

Thu, 22 Jun 2017

By Rebecca Howard June 22 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank kept the official cash rate at 1.75 percent and efforts to talk down recent strength in the currency was seen as relatively soft. The kiwi gained to 72.52 as at 5pm from 72.25 US cents as at 8am in Wellington and 72.16 cents yesterday. It rose to 96.01 Australian cents from 95.49 cents. Central bank governor Graeme Wheeler kept the benchmark rate unchanged citing well-anchored inflation expectations, and tried to talk down a 3 percent increas...

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