NZ dollar little changed as hopes grow for clear signal on US rates from Yellen

Fri, 26 Aug 2016

By Jonathan Underhill Aug. 26 (BusinessDesk) - The New Zealand dollar was little changed, holding above 73 US cents as traders debate whether Federal Reserve chair Janet Yellen will give a clear signal on the timing and pace of US interest rate hikes when she addresses fellow central bankers at Jackson Hole. The kiwi traded at 73.10 US cents as at 5pm in Wellington, from 73.16 cents late yesterday. The trade-weighted index slipped to 77.40 from 77.50. With little domestic economic data of note, all eyes have been on the Jackson Hole sy...

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