NZ dollar little changed on week, belying volatility

Fri, 03 Oct 2014

By Tina Morrison Oct. 3 (BusinessDesk) - The New Zealand dollar is likely to be little changed at the end of this week, belying the volatility of events that saw it drop to its lowest in more than a year. The kiwi was trading at 78.64 US cents at 5pm in Wellington, unchanged from its level at 8am on Monday, and a touch weaker than at 78.98 US cents at 8am this morning. The trade-weighted index was at 76.63 from 76.69 on Monday. The local currency touched 77.07 US cents on Monday, its lowest level in more than 13 months, after the Reser...

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