NZ dollar little changed near 69 US cents ahead of interest rate review

Wed, 10 May 2017

By Paul McBeth May 10 (BusinessDesk) - The New Zealand dollar was little changed near 69 US cents ahead of the Reserve Bank's monetary policy review tomorrow, where Reserve Bank governor Graeme Wheeler may bring forward the track of interest rate hikes. The kiwi traded at 69.01 US cents as at 5pm in Wellington from 68.95 cents at 8am and 69.02 cents yesterday. The trade-weighted index was little changed at 75.40 from 75.36. Wheeler is expected to keep the official cash rate at 1.75 percent at tomorrow's policy review, however building...

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