NZ dollar little changed before RBNZ interest rate decision as traders mull outlook

Wed, 23 Apr 2014

By Tina Morrison April 24 (BusinessDesk) – The New Zealand dollar was little changed ahead of the Reserve Bank decision on interest rates today as traders await clues to the pace of the tightening cycle. The kiwi was steady at 85.92 US cents at 8am in Wellington from 85.94 cents at 5pm yesterday. The trade-weighted index was almost unchanged at 79.96 from 79.99 yesterday. New Zealand’s central bank is expected to hike rates for the second month in a row, taking the benchmark to 3 percent. Last month the RBNZ became the first major central ba...

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