NZ dollar retraces some of yesterday’s gains as markets digest Wheeler interest rate comments

Thu, 03 Oct 2013

By Tina Morrison Oct. 4 (BusinessDesk) – The New Zealand dollar gave up some of yesterday’s gains as investors digested comments from Reserve Bank Governor Graeme Wheeler that he would raise interest rates more aggressively should lending limits fail to cool the bubbling house market. The kiwi declined to 82.91 US cents at 8am in Wellington from 83.06 cents yesterday. The trade-weighted index fell to 76.81 from 77.04 yesterday. The local currency retraced some of its gain after jumping about half a cent yesterday following comments by Wheele...

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