NZ dollar little changed at elevated levels after RBNZ keeps rates on hold

Thu, 09 Jun 2016

By Tina Morrison June 10 (BusinessDesk) - The New Zealand dollar held at elevated levels after the Reserve Bank yesterday kept interest rates on hold, keeping the country's yields attractive as other central banks cut rates. The kiwi hit a high of 71.46 US cents overnight, matching the one-year high it touched yesterday afternoon. It slipped to 71.18 US cents at 8am in Wellington, from 71.37 cents at 5pm yesterday. The trade-weighted index was at 75.76 from 75.74 yesterday, having touched a high of 75.94 overnight. The New Zealand doll...

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