NZ dollar rises after RBNZ maintains stance in latest rates review

Thu, 22 Jun 2017

By Jonathan Underhill June 23 (BusinessDesk) - The New Zealand dollar rose as the Reserve Bank's latest review of interest rates kept its language intact, reassuring some market participants who saw a risk that it would paint a weaker picture of the outlook. The kiwi gained to 72.63 US cents as at 8am in Wellington from 72.52 cents late yesterday. The trade-weighted index rose to 78.42 from 78.25. Reserve Bank governor Graeme Wheeler kept the benchmark rate unchanged at 1.75 percent and was measured in his comments about the kiwi dolla...

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