NZ dollar treads water ahead of RBNZ review expected to stand pat

Wed, 08 Aug 2018

By Paul McBeth Aug. 9 (BusinessDesk) - The New Zealand dollar was largely unchanged ahead of today's Reserve Bank policy review where governor Adrian Orr is expected to keep the benchmark rate on hold and affirm a flat future track. The kiwi traded at 67.50 US cents as at 8am in Wellington from 67.53 cents yesterday. The trade-weighted index was at 72.66 from 72.68. Orr is expected to keep the official cash rate at 1.75 percent, with the RBNZ's forecasts likely to project little change in what's a very gradual rise in the forward tra...

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