NZ dollar holds in recent range ahead of Jackson Hole

Mon, 27 Aug 2012

Aug. 28 (BusinessDesk) - The New Zealand dollar slipped against the greenback, while remaining in its recent trading range, as traders pondered the potential for concrete details of US monetary stimulus to be revealed at the Jackson Hole, Wyoming, central bankers retreat this weekend. The kiwi dollar fell to 80.81 US cents from 81.05 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 72.74 from 72.86. The local currency has held in a range of about 80.50 cents to 82.20 cents since late July. Federal Reserve chairman Ben B...

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