NZ dollar up 0.5% on week but rangebound ahead of G7

Fri, 08 Jun 2018

By Rebecca Howard June 8 (BusinessDesk) - The New Zealand dollar is headed for a 0.5 percent weekly gain against the greenback but remains rangebound ahead of the Group of Seven meeting in Canada this weekend. The kiwi dollar traded at 70.25 US cents at 5pm in Wellington from 70.29 US cents at 8:30am and from 70.45 cents yesterday. It traded at 69.90 late last Friday in Wellington. The trade-weighted index was at 73.52 from 73.58 from late yesterday. Trading has been relatively quiet as markets are waiting to see if different leaders...

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