NZ dollar holds gains ahead of expected hike in Reserve Bank interest rates

Wed, 12 Mar 2014

By Tina Morrison March 13 (BusinessDesk) – The New Zealand dollar, which has advanced 3.4 percent so far this year, is unchanged ahead of the Reserve Bank meeting today where governor Graeme Wheeler is widely expected to increase interest rates by a quarter point. The kiwi was unchanged at 84.67 US cents at 8am in Wellington, from 5pm yesterday and 81.91 cents at the start of the year. The trade-weighted index edged lower to 79.31 from 79.49 yesterday. Governor Wheeler has signalled the official cash rate will have to rise from its record-lo...

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