NZ dollar little changed ahead of central bank cash rate review tomorrow

Tue, 23 Jul 2013

By Tina Morrison July 24 (BusinessDesk) – The New Zealand dollar is little changed ahead of merchandise trade data today and the central bank’s review of the official cash rate tomorrow. The kiwi recently traded at 79.98 US cents, from 79.96 cents at the 5pm market close in Wellington yesterday. The trade-weighted index weakened to 75.36 from 75.43 yesterday. The Reserve Bank is expected to keep the benchmark interest rate at a record low 2.5 percent tomorrow, and repeat that the local currency is still overvalued and the overheated housing...

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