NZ dollar pares overnight losses, range-bound ahead of dairy auction, RBNZ

Tue, 20 Jun 2017

By Rebecca Howard June 20 (BusinessDesk) - The New Zealand dollar recovered some overnight losses after New York Federal Reserve President William Dudley signalled a willingness to gradually increase US interest rates to support economic growth but the local currency remained range-bound ahead of the overnight dairy auction and the upcoming central bank rate decision and statement Thursday. The kiwi was trading at 72.46 as at 5pm in Wellington from 72.24 US cents at 8am and from 72.78 cents yesterday. It was at 95.32 Australian cents from...

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