NZ dollar holds steady as traders await RBNZ's Financial Stability Report

Tue, 10 May 2016

By Tina Morrison May 11 (BusinessDesk) - The New Zealand dollar was little changed as traders await the release of the Reserve Bank's Financial Stability Report, which may detail further measures to curb the nation's bubbling housing market. The kiwi traded at 67.56 US cents at 8am in Wellington, from 67.42 cents at 5pm yesterday. The trade-weighted index rose to 72.16 from 72.05 yesterday. The RBNZ's six-monthly gauge of financial stability is due for release at 9am, and is followed by a press conference and discussion at a parliament...

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