NZ dollar holds gains after RBNZ signals it's done with rate cuts for now

Thu, 10 Dec 2015

By Tina Morrison Dec. 11 (BusinessDesk) - The New Zealand dollar held onto its gains overnight as traders were lured by the higher yields on offer after the Reserve Bank yesterday signalled interest rates are likely to remain on hold. The kiwi edged up to 67.46 US cents at 8am in Wellington, from 67.38 cents at 5pm yesterday. The trade-weighted index advanced to 73.21 from 73.02 yesterday. The local currency soared more than a cent against the greenback yesterday after the central bank signalled its quarter point reduction in interest...

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