NZ dollar holds ahead of RBNZ review as greenback advances

Wed, 30 Oct 2013

By Tina Morrison Oct 31 (BusinessDesk) – The New Zealand dollar held its ground ahead of a Reserve Bank decision on interest rates today after the Federal Reserve was more upbeat than expected in its assessment of the world’s largest economy, prompting US dollar buying. The kiwi was little changed at 82.25 US cents at 8am in Wellington from 82.28 cents at the 5pm market close yesterday, although it touched a six week low overnight. The trade-weighted index was at 76.13 from 76 yesterday. The US dollar index, which measures the greenback agai...

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