NZ dollar little changed after dairy prices rise; US inflation, Fed minutes loom

Wed, 19 Aug 2015

By Paul McBeth Aug. 19 (BusinessDesk) - The New Zealand dollar was little changed after dairy prices jumped from a six-year low at the latest GlobalDairyTrade auction, and ahead of US inflation data and minutes to the last meeting of the Federal Reserve. The kiwi traded at 65.82 US cents at 5pm in Wellington from 65.84 cents at 8am and 65.89 cents yesterday. The trade-weighted index was little changed at 70.94 from 71.04 yesterday. The GDT average winning price jumped 14.8 percent to US$1,974 at the latest event, ending a string of dec...

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