NZ dollar little changed amid commodity rout as traders await RBNZ review

Tue, 08 Dec 2015

By Tina Morrison Dec. 9 (BusinessDesk) - The New Zealand dollar held steady, even as the currencies of other commodity-linked countries declined, as traders were reluctant to change their positions ahead of the Reserve Bank decision on interest rates tomorrow. The kiwi was little changed at 66.32 US cents at 8am in Wellington, from 66.33 cents at 5pm yesterday. The trade-weighted index was at 72.21 from 72.15 yesterday. Currencies of commodity producing currencies fell amid concerns about an oil supply glut after the Organisation of...

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