NZ dollar little changed this week as Fed, RBNZ meetings loom

Fri, 24 Jan 2014

By Paul McBeth Jan. 24 (BusinessDesk) - The New Zealand dollar is heading for a 0.3 percent gain this week as traders prepare for policy meetings by the local Reserve Bank and US Federal Reserve next week to dictate the direction for the local currency. The kiwi was trading at 82.83 US cents at 5pm in Wellington from 82.57 cents at the close of trading last Friday, and was little changed from 82.88 cents at 8am and 82.84 cents yesterday. The trade-weighted index fell to 78.43 from 78.61 yesterday, and is heading for a 0.4 percent weekly dec...

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