NZ dollar little changed ahead of OCR review expected to carry 'no hurry' message

Wed, 09 Aug 2017

By Jonathan Underhill Aug. 10 (BusinessDesk) - The New Zealand dollar was little changed, having fallen this week ahead of the Reserve Bank's monetary policy statement this morning, which is expected to reiterate it sees no hurry to join other central banks in raising interest rates. The kiwi traded at 73.26 US cents as at 8am in Wellington from 73.16 cents late yesterday. The trade-weighted index was little changed at 77.26 from 77.19 yesterday. Governor Graeme Wheeler, in his last MPS before he retires, is expected to keep the offic...

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