NZ dollar little changed ahead of RBNZ review expected to keep rates on hold

Wed, 21 Jun 2017

June 22 (BusinessDesk) - The New Zealand dollar barely budged heading into the Reserve Bank's latest policy review which is expected to keep the official cash rate at 1.75 percent and retain a neutral bias on the outlook. The kiwi traded at 72.25 US cents as at 8am in Wellington from 72.16 cents yesterday. The trade-weighted index was at 77.99 from 77.94 yesterday. Central bank governor Graeme Wheeler is seen sticking to his existing policy script when he announces his latest review this morning. The bank has a neutral bias although man...

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