NZ dollar little changed as focus shifts to global central banks

Sun, 24 Jul 2016

By Paul McBeth July 25 (BusinessDesk) - The New Zealand dollar was little changed at the open of the week's trading as investors shifted their focus to central bank meetings in the US and Japan. The kiwi traded at 69.89 US cents at 8am in Wellington from 69.97 cents on Friday in New York. The trade-weighted index was at 75.13 from 75.06 last week. The local currency dropped 1.7 percent last week with the Reserve Bank signalling it will probably cut interest rates to stir inflation, which is being pushed down by the strong kiwi. Inves...

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