NZ dollar little changed after RBA lifts growth forecast, US jobs data looms

Fri, 07 Feb 2014

By Paul McBeth Feb. 7 (BusinessDesk) - The New Zealand dollar was little changed after the Reserve Bank of Australia lifted its growth forecast having dropped its easing bias this week, and ahead of US employment figures. The kiwi traded at 82.26 US cents at 5pm in Wellington from 82.68 cents at 8am and 82.38 cents yesterday. The trade-weighted index was 77.61 from 77.54 yesterday. The RBA raised its forecast for growth and inflation this year having this week removed the chance of another rate cut as the Australian economy shows more lift...

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