NZ dollar range bound as RBA, RBNZ rate decisions loom

Mon, 06 Aug 2018

By Rebecca Howard Aug. 6 (BusinessDesk) - The New Zealand dollar stuck to a very tight range Monday ahead of key central bank meetings both here and in Australia this week. The kiwi traded at 67.36 US cents as at 5pm in Wellington versus 67.39 cents at 8am and 67.41 cents on Friday in New York. The trade-weighted index was almost unchanged at 72.66 from 72.67 last week. The New Zealand dollar drifted on the day as investors await the Reserve Bank of Australia's rate decision tomorrow, followed by the New Zealand central bank on Thursd...

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