NZ dollar little changed near 4-month high, long positions seen capping gains

Mon, 26 Jun 2017

By Jonathan Underhill June 26 (BusinessDesk) - The New Zealand dollar was little changed near a four-month high and may struggle to push much higher because of the sheer weight of bets on a rise which traders say put the kiwi at more risk of a correction. The kiwi was trading at 72.83 US cents as at 5pm in Wellington from 72.84 cents in New York on Friday and from 72.67 cents in Asia last week. The trade-weighted index was at 78.49, little changed from last week. US Commodity Futures Trading Commission data shows that after traders had...

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