NZ dollar little changed, trades in tight range ahead of dairy auction, data

Tue, 19 Dec 2017

By Rebecca Howard Dec. 19 (BusinessDesk) - The New Zealand dollar stuck to a very tight range, largely overlooking ongoing weakness in business confidence, ahead of the dairy auction tonight and key economic data over the next few days. The kiwi traded at 69.93 US cents as at 5 pm in Wellington versus 70.10 late yesterday. The trade-weighted index slipped to73.79 from 73.98. The kiwi remained steady despite business confidence holding around an eight-year-low in the December ANZ Business Outlook survey. A net 38 percent of businesses w...

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