NZ dollar little changed after overnight gain on commodity price strength; dairy auction looms

Mon, 15 May 2017

By Jonathan Underhill May 16 (BusinessDesk) - The New Zealand dollar was little changed, having climbed overnight only to reverse track, as prices of crude oil and other commodities rose and traders looked ahead to tonight's dairy auction. The kiwi traded at 68.76 US cents as at 8am in Wellington, after rising to 69.17 cents overnight, from 68.73 cents late yesterday. The trade-weighted index was at 74.82 from 74.88. Oil futures rallied as Saudi Energy Minister Khalid Al-Falih and his Russian counterpart, Alexander Novak, met in Beijin...

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