NZ dollar headed for 1 percent decline in October as 2.5 US cts range extends to seven weeks

Wed, 31 Oct 2012

By Paul McBeth Oct. 31 (BusinessDesk) - The New Zealand dollar headed for a 1 percent decline against the greenback in October, extending its 2.5 US cents range to seven weeks, as New York City counts the cost of a storm and as investors look forward to next week's US Presidential election. The kiwi traded at 82.17 US cents at 5pm in Wellington from 82.07 cents at 8am and 82.01 cents yesterday. The trade-weighted index was little changed at 73.26 from 73.30 yesterday, and is poised for a 0.7 percent monthly decline. New Zealand's currency...

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