NZ dollar tests lower end of range in thin Monday trade

Mon, 21 Jan 2013

Jan. 21 (BusinessDesk) – The New Zealand dollar fell to test of the bottom end of a recent range in trading reduced by a public holiday in Wellington. The kiwi was at 83.60 US cents at 5pm, down from 83.69 US cents at 8am and changed from 83.54 cents at 5pm on Friday. It sank as low as 83.32 cents in early afternoon trading. Dealers said the Australian dollar was weaker and investors were cautious while the Bank of Japan considered monetary policy, with a statement due on Tuesday NZ time, and Australian inflation figures due on Wednesday. “I...

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