NZ dollar inches higher before RBA's statement, US mid-term elections

Mon, 05 Nov 2018

By Margreet Dietz Nov. 6 (BusinessDesk) - The New Zealand dollar inched higher against the US dollar as investors were reluctant to place fresh bets before the outcome of the US elections as well as central bank decisions in Australia, New Zealand and the US this week. The kiwi traded at 66.66 US cents at 8.30am in Wellington versus 66.61 US cents at the previous day’s close. The trade-weighted index was at 72.82 from 72.58. "With the week jam-packed full of event risk, it is hardly surprising that the New Zealand dollar held in a r...

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