NZ dollar little changed near key support level after US CPI, dovish RBNZ

Sun, 14 May 2017

By Jonathan Underhill May 15 (BusinessDesk) - The New Zealand dollar starts the week little changed near a key support level that hasn't been seriously breached in about 11 months following weaker headline US inflation figures and a flat interest rate track from the Reserve Bank last week that sent the kiwi tumbling. The local currency traded at 68.45 US cents as at 8am in Wellington from 68.55 cents in late New York trading on Friday. The trade-weighted index was at 74.68 from 74.83 in New York, below the RBNZ's latest projected average...

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