NZ dollar to stay under pressure until December MPS

Wed, 26 Nov 2014

By Paul McBeth Nov. 26 (BusinessDesk) - The New Zealand dollar was little changed in local trading, and will likely remain under pressure as low inflation expectations and weak dairy prices keep traders wary on the currency until next month's monetary policy review. The kiwi traded at 78.14 US cents at 5pm in Wellington from 78.09 cents at 8am and 78.17 cents yesterday. The trade-weighted index was little changed at 77.99 from 78.02 yesterday. The local currency has been trading in roughly a 2 US cents band since October, and continued...

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