NZ dollar little changed, may gain with dairy prices; long-term trend still down

Mon, 17 Aug 2015

By Jonathan Underhill Aug. 17 (BusinessDesk) - The New Zealand dollar was little changed, with Tuesday night's dairy auction seen as a potential short-term fillip for a currency that will become less attractive as local interest rates fall and the US Federal Reserve hikes. The kiwi was at 65.39 US cents at about 5:30pm in Wellington, from 65.32 from 65.36 cents at the New York close. The trade-weighted index was at 70.33 from 70.27 at the start of the day and 70.18 on Friday. The Federal Reserve is expected to begin lifting interest ra...

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