NZ dollar holds near 6-month high ahead of GDP

Wed, 19 Sep 2012

By Hannah Lynch Sept. 20 (BusinessDesk) - The New Zealand dollar held near a six-month high amid speculation second-quarter gross domestic product will show the local economy has expanded in the face of weaker global growth. The New Zealand dollar was little changed on 82.76 US cents just before 8am from 82.82 cents yesterday at 5pm. The trade weighted index declined to 73.28 from 73.53. The New Zealand economy’s pace probably slowed in the June quarter from March, though forecasts range from a small contraction to a modest 0.7 percent rise...

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