NZ dollar sticks to tight range in risk averse markets

Wed, 24 Oct 2018

By Rebecca Howard Oct. 24 (BusinessDesk) - The New Zealand dollar stuck to a right range, largely sidelined as risk-averse traders await the European Central Bank's upcoming rate decision and commentary in Frankfurt on Thursday. The kiwi traded at 65.61 US cents at 5pm in Wellington from 65.56 US cents at 8am in Wellington and 65.40 cents yesterday. The trade-weighted index was at 71.91 from 71.82 yesterday. Sentiment took a hit after the European Commission rejected Italy's plan to incur a budget deficit of 2.4 percent of gross dom...

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