NZ dollar little changed as US Fed puts rate hikes on hold; RBNZ review looms

Wed, 29 Apr 2015

By Suze Metherell April 30 (BusinessDesk) - The New Zealand dollar was little changed ahead of the Reserve Bank's review of the official cash rate and after the US Federal Reserve said economic growth was slow in the world's largest economy. The kiwi traded at 76.91 US cents at 8am in Wellington, from 76.90 cents late yesterday. The trade-weighted index decreased to 79.11 from 79.30. The RBNZ's statement at 9am is expected to keep the OCR at 3.5 percent, although economists predict it may soften its rhetoric from the March monetary pol...

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