NZ dollar steady as investors await Reserve Bank interest rate decision on Thursday

Sun, 20 Jul 2014

By Tina Morrison July 21 (BusinessDesk) - The New Zealand dollar is in for a quiet start to the week as traders look ahead to the looming Reserve Bank decision on interest rates on Thursday where a hike is expected. The kiwi traded at 86.85 US cents at 8am in Wellington, from 86.97 cents at the New York close and 86.77 cents at 5pm in Wellington on Friday. The trade-weighted index was little changed at 80.86 from 80.84 on Friday. Reserve Bank governor Graeme Wheeler is expected to hike the official cash rate for the fourth time this ye...

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