NZ dollar little changed after rebound on dairy auction as Yellen awaited

Wed, 06 Apr 2016

By Jonathan Underhill April 6 (BusinessDesk) - The New Zealand dollar was little changed, having rebounded from an earlier decline when the GlobalDairyTrade auction showed a gain in prices, as traders look ahead to a speech by Federal Reserve chair Janet Yellen for clues to the timing of US interest rate hikes. The kiwi dollar traded at 68.13 US cents at 5pm in Wellington, from 68.0 cents late yesterday. It fell as low as 67.67 cents before the auction results were posted. The trade-weighted index advanced to 72.21 from 71.93 yesterday....

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