NZ dollar starts the week quietly due to holiday weekends

Sun, 20 Jan 2013

Jan. 21 (BusinessDesk) – New Zealand dollar trading got off to a slow start on Monday due to the regional holiday in Wellington and Martin Luther King holiday weekend in the US. The kiwi was at 83.69 US cents at 8am, little changed from 83.54 cents at 5pm on Friday. It fell on Friday after weaker-than-expected December quarter consumers price index data implied interest rates aren’t going to rise for a long time. “There was position-squaring ahead of the long weekend on Friday and we’ve obviously got the Bank of Japan (monetary policy stateme...

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