NZ dollar holds steady as traders await RBNZ decision, Fonterra announcement

Wed, 09 Dec 2015

By Tina Morrison Dec. 10 (BusinessDesk) - The New Zealand dollar was little changed ahead of the Reserve Bank meeting today where Governor Graeme Wheeler is expected to reduce the benchmark interest rate. The kiwi was at 66.36 US cents at 8am in Wellington, from 66.28 cents at 5pm yesterday. The trade-weighted index was at 72.09 from 72.10 yesterday. The local currency has slid 1.6 percent this week leading up to today's Reserve Bank interest rate decision. Some 21 of 24 economists polled by Reuters expect the central bank to cut the b...

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