NZ dollar rises ahead of Thursday’s central bank statements

Wed, 30 Jan 2013

Jan. 30 (BusinessDesk) – The New Zealand dollar fell late in the day ahead of tomorrow’s Reserve Bank of New Zealand (RBNZ) review of the official cash rate, current set at 2.5 percent. The kiwi was at 83.16 US cents at 5pm, down from 83.61 US cents at 5pm on Tuesday. The focus is on a statement by the US Federal Reserve's Open Market Committee (FOMC) at 8.15am New Zealand time on Thursday, and the cash rate review by the RBNZ at 9am. “The RBNZ will need to be careful that it does not again pressure the New Zealand dollar higher with inferen...

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