NZ dollar treading water ahead of RBNZ review, Fonterra update

Wed, 09 Dec 2015

By Paul McBeth Dec. 9 (BusinessDesk) - The New Zealand dollar was little changed ahead of the Reserve Bank's policy review tomorrow, which is expected to deliver another rate cut, and an update from Fonterra Cooperative Group on its forecast payout to farmers. The kiwi traded at 66.28 US cents at 5pm in Wellington 66.32 cents at 8am, and 66.33 cents yesterday. The trade-weighted index traded at 72.10 from 72.15 yesterday. Traders have increased their bets that RBNZ governor Graeme Wheeler will lower the 2.75 percent official cash rate...

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