NZ dollar gains as traders await central bank meetings, data releases

Mon, 04 Aug 2014

By Tina Morrison Aug. 5 (BusinessDesk) - The New Zealand dollar advanced in quiet trading as investors await direction from looming central bank meetings and new data on dairy prices and employment. The kiwi gained to 85.23 US cents at 8am in Wellington, from 85.10 cents at 5pm yesterday. The trade-weighted index edged up to 79.80 from 79.74 yesterday. The New Zealand dollar is consolidating this week after falling about 3 percent since the start of July, weighed down by weaker commodity prices, the outlook for reduced payments to dair...

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