NZ dollar holds near seven-month low ahead of Reserve Bank decision

Wed, 10 Sep 2014

By Tina Morrison Sept. 11 (BusinessDesk) - The New Zealand dollar held near a seven-month low ahead of the Reserve Bank decision on interest rates today where governor Graeme Wheeler is expected to signal rates will remain on hold for longer than previously forecast. The kiwi was unchanged at 82.36 US cents at 8am in Wellington, from the same level at 5pm yesterday. The trade-weighted index was at 78.88 from 78.84 yesterday. Wheeler is expected to keep the official cash rate on hold at 3.5 percent ahead of next week's general election,...

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