NZ dollar little changed as investors reluctant to take positions amid US government stalemate

Fri, 04 Oct 2013

By Tina Morrison Oct. 4 (BusinessDesk) – The New Zealand dollar was little changed as investors are reluctant to take bets until a standoff on US budget talks is resolved. The kiwi was at 82.89 US cents at the 5pm market close in Wellington, from 82.91 cents at 8am this morning and 82.80 cents at the start of the week. The trade-weighted index was at 76.77 from 76.81 this morning. Investors prefer to stand on the sidelines while awaiting resolution of a political stalemate in the US which resulted in a partial government shutdown after Congr...

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