NZ dollar stalled as investors await OCR review

Tue, 26 Mar 2019

By Jenny Ruth March 26 (BusinessDesk) - The New Zealand dollar is little changed ahead of tomorrow’s review of the official cash rate by the Reserve Bank. The kiwi was trading at 69.11 US cents at 5:05pm in Wellington from 69.04 at 8:32am while the trade-weighted index was at 74.76 points from 74.72. “Currency volatility is the lowest we’ve seen for a long time. That’s quite unusual, considering what’s going on in interest rate markets and in equities markets,” says Tim Kelleher, head of institutional foreign exchange sales at ASB Bank...

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