NZ dollar little changed as Chinese liquidity jitters linger

Wed, 26 Jun 2013

By Paul McBeth June 26 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors remained on edge over China’s banking liquidity, creating concerns about the strength of the world’s second-biggest economy. The kiwi traded at 77.35 US cents at 5pm in Wellington from77.40 cents at 8am and up from 77.16 cents yesterday. The trade-weighted index rose to 72.98 from 72.79 yesterday. The China Interbank Offered Rate (chibor), the average interest rate at which term deposits are offered between Chinese prime banks, w...

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