NZ dollar jumps more than 1 US cent after RBNZ said rates could go 'up or down'

Wed, 11 Mar 2015

By Tina Morrison March 12 (BusinessDesk) - The New Zealand dollar jumped more than 1 US cent after Reserve Bank governor Graeme Wheeler kept interest rates on hold and reiterated that future moves in rates could be "up or down", surprising traders who expected him to drop a reference to rates potentially moving higher. The kiwi rose as high as 73.05 US cents, from 71.84 cents before the Reserve Bank monetary policy statement at 9am. It was recently trading at 72.94 US cents. While Wheeler lowered the track for the 90-day bank bill rate...

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