NZ dollar little changed as RBNZ rate review looms

Wed, 10 Sep 2014

By Paul McBeth Sept. 10 (BusinessDesk) - The New Zealand dollar was little changed near a six-month low ahead of tomorrow's Reserve Bank policy review, where governor Graeme Wheeler is expected to keep the key rate on hold as he assesses the impact of his tightening this year. The kiwi traded at 82.38 US cents at 5pm in Wellington from 82.44 cents at 8am, down from82.57 cents yesterday. The trade-weighted index was at 78.86 from 78.93 yesterday. Wheeler will keep the official cash rate 3.5 percent tomorrow, according to a Reuters poll...

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