NZ dollar little changed ahead of GDT auction tonight

Mon, 19 Oct 2015

By Tina Morrison Oct. 20 (BusinessDesk) - The New Zealand dollar was little changed ahead of tonight's GlobalDairyTrade auction where prices are expected to consolidate following four consecutive increases, after nearly six months of declines. The kiwi was at 67.98 US cents at 8am in Wellington, from 67.97 cents at 5pm yesterday. The trade-weighted index was at 72.85 from 72.72 yesterday. The local currency has gained 6 percent so far this month as analysts pull back expectations for interest rate hikes in the US and factor in better p...

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