NZ little changed near month-low on RBNZ easing bias, flat dairy auction

Tue, 19 Jul 2016

By Jonathan Underhill July 20 (BusinessDesk) - The New Zealand dollar was little changed near its lowest levels in almost a month on speculation the Reserve Bank will have a clear run at cutting interest rates after announcing plans for further mortgage lending restrictions. The kiwi traded at 70.50 US cents as at 8am in Wellington, from 70.27 cents late yesterday when it tumbled following the Reserve Bank's announcement of further measures to cool the housing market. The trade-weighted index slipped to 75.65 from 75.74 yesterday. The...

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