NZ dollar little changed as local rates attract investors, outshine weak Chinese manufacturing

Mon, 24 Mar 2014

By Paul McBeth March 24 (BusinessDesk) - The New Zealand dollar was little changed as the relative attraction of rising interest rates outshone weak Chinese manufacturing figures. The kiwi traded at 85.35 US cents at 5pm in Wellington from 85.40 cents at 8am and 85.32 cents on Friday in New York. The trade-weighted index was 79.94 from 79.91 last week. The HSBC flash China manufacturing purchasing managers’ index was below expectations at 48.1 this month from a final reading of 48.5 in February, signalling a third month of contracting indu...

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