NZ dollar seen weakening on central bank displeasure as election looms

Mon, 08 Sep 2014

By Jonathan Underhill Sept. 8 (BusinessDesk) - The New Zealand dollar was little changed from New York on Friday and may fall amid speculation the Reserve Bank will use its monetary policy statement on Thursday to repeat that the currency in unjustifiably high, while trimming the track of interest rates. The kiwi traded at 83.15 US cents at 5pm in Wellington little changed from the start of the day and from 83.26 cents at the New York close. The trade-weighted index gained to 79.01 from 78.77 on Friday. Reserve Bank governor Graeme Whe...

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