NZ dollar holds gains ahead of line-call RBNZ rate review

Wed, 10 Jun 2015

By Paul McBeth June 10 (BusinessDesk) - The New Zealand dollar held gains in local trading, with investors divided on whether Reserve Bank governor Graeme Wheeler will cut interest rates to stimulate the economy and lift inflation from its near-zero level in tomorrow morning's three-monthly monetary policy statement. The kiwi traded at 71.84 US cents at 5pm in Wellington from71.31 cents at 8am, up from 71.08 cents yesterday. The trade-weighted index increased to 74.71 from 74.42. Traders are pricing in a 40 percent chance Wheeler will...

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