NZ dollar holds above 70 US cents ahead of RBNZ interest rate decision

Wed, 08 Jun 2016

By Tina Morrison June 9 (BusinessDesk) - The New Zealand dollar held above 70 US cents ahead of the Reserve Bank interest rate decision today, where the benchmark is expected to remain on hold. The kiwi touched a month high of 70.27 US cents early this morning and was trading at 70.13 cents at 8am in Wellington, from 70.02 cents at 5pm yesterday. The trade-weighted index edged up to 74.46 from 74.39 yesterday. The US dollar index, which measures the greenback against a basket of currencies, touched a month low of 93.425 early this morn...

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