NZ dollar set to end week unchanged, belying midweek volatility

Fri, 15 May 2015

By Tina Morrison May 15 (BusinessDesk) - The New Zealand dollar is set to end the week largely unchanged, belying the volatility that saw it fall to a two-month low midweek as expectations grew that the Reserve Bank may cut interest rates as early as next month. The kiwi was trading at 74.74 US cents at 5pm in Wellington, from 74.86 cents at the New York close last week and 75.03 cents at 8am this morning. At the start of the week, nine currency advisers in a BusinessDesk survey predicted the kiwi would fall, while three said it would pro...

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