NZ dollar holds above 72 US cents as OCR review looms

Wed, 10 Aug 2016

By Jonathan Underhill Aug. 11 (BusinessDesk) - The New Zealand dollar was little changed, holding above 72 US cents ahead of the Reserve Bank monetary policy statement at 9am, as traders await details of governor Graeme Wheeler's easing schedule. The kiwi traded at 72.14 US cents as at 8am in Wellington from 72.13 cents late yesterday. The trade-weighted index was at 76.25, well above the level the central bank projected for the third quarter, from 76.28. The Reserve Bank last month signalled intentions to drop the official cash rate a...

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