NZ dollar little changed after business confidence dips

Tue, 08 Jul 2014

By Suze Metherell July 8 (BusinessDesk) - The New Zealand dollar was little changed in local trading after business confidence dipped from a 20-year high, while remaining relatively upbeat. The kiwi traded at 87.63 US cents at 5pm in Wellington, from 87.58 cents at 8am and was up from 87.19 cents yesterday. The trade-weighted index rose to 81.51 from 81.21 yesterday. The New Zealand Institute of Economic Research’s Quarterly Survey of Business Opinion showed a net 33 percent of businesses were optimistic in the June quarter, seasonally...

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