NZ dollar little changed as activity ebbs in lead-up to Christmas

Mon, 22 Dec 2014

By Paul McBeth Dec. 22 (BusinessDesk) - The New Zealand dollar was little changed as activity ebbed in the lead-up to the Christmas-New Year break, when many local market participants tend to take holidays. The kiwi traded at 77.49 US cents at 5pm in Wellington from 77.58 cents at 8am and 77.47 cents on Friday in New York. The trade-weighted index declined to 78.53 from 78.83 last week. New Zealand's currency has been a favourite among investors because of its relatively high yield and as the end of the year draws near, some traders ty...

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