NZ dollar little changed ahead of OCR review, as greenback gains

Mon, 07 Aug 2017

By Rebecca Howard Aug. 7 (BusinessDesk) - The New Zealand dollar was largely unchanged, capped by expectations the central bank may be more dovish on Thursday and by a strong rebound in the US dollar after solid jobs data overnight Friday. The kiwi dollar traded at 73.99 US cents as at 5pm in Wellington from 73.98 US cents as at 8am and little changed from Friday in New York. The trade-weighted index was at 77.93 from 78.04. "We have basically maintained the losses we got hit with on Friday night as a result of the strong payrolls da...

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