NZ dollar steady as market digests PBOC moves, Powell speech

Mon, 27 Aug 2018

By Rebecca Howard Aug. 27 (BusinessDesk) - The New Zealand dollar was little changed as investors digest efforts by the People's Bank of China to arrest the slide in the yuan and Federal Reserve chair Jerome Powell's latest speech The kiwi traded at 66.87 US cents at 5pm in Wellington from 66.82 cents at 8am and 66.90 cents on Friday in New York. The trade-weighted index was at 72.20 from 72.22 last week. The yuan hit a two-and-a-half-week high against the US dollar on Monday when PBOC set the day's midpoint at a stronger-than-expected...

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