NZ dollar little changed before trade data, regains ground vs Aussie

Wed, 26 Oct 2016

By Jonathan Underhill Oct. 27 (BusinessDesk) - The New Zealand dollar was little changed against the greenback ahead of data expected to show the trade balance remained in deficit in September, and it recovered ground against the Aussie after a selloff yesterday triggered by stronger Australian inflation figures. The kiwi traded at 71.49 US cents as at 8am in Wellington, from 71.56 cents late yesterday. It rose to 93.55 Australian cents, having dropped as low as 92.88 cents after yesterday's inflation data. New Zealand's merchandise t...

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