NZ dollar range bound, looking for catalysts

Thu, 30 Mar 2017

By Rebecca Howard March 30 (BusinessDesk) - A dearth of domestic data is keeping the New Zealand dollar in a tight range and while conditions may be building for it to break out, any catalysts are likely to come from offshore. The kiwi dollar was trading at 70.26 US cents as at 5pm in Wellington versus 70.33 US cents as at 8am and 70.07 cents late yesterday. The trade-weighted index as at 76.17 versus 75.95 yesterday. "Range trading is the main thing that is happening. We are getting lower highs and higher lows so maybe the conditions...

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