NZ dollar little changed as risk-on rally runs out of steam

Wed, 13 Jul 2016

By Paul McBeth July 14 (BusinessDesk) - The New Zealand dollar was little changed as stock markets and commodity prices ended their rally over recent days with figures showing US fuel supplies unexpectedly grew. The kiwi traded at 72.68 US cents at 8am in Wellington from 72.58 cents yesterday. The trade-weighted index was little changed at 77.58 from 77.44. Brent Crude oil prices fell 4.2 percent to US$46.45 a barrel after Energy Information and Administration figures showed US gas supplies rose 1.21 million barrels last week, outpac...

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