NZD dollar sticks to tight range, eyes on RBA

Mon, 04 Mar 2019

By Rebecca Howard March 5 (BusinessDesk) - The New Zealand dollar remains stuck in a tight range ahead of key events this week, including the Reserve Bank of Australian monetary policy review later today. The kiwi was trading at 68.18 US cents at 8am from 68.15 US cents at 5pm in Wellington and the trade-weighted index was at 73.94 points from 73.79. The New Zealand dollar is "in a holding pattern" and the US dollar has a slightly firmer tone, said ANZ FX/rates strategist Sandeep Parekh. On the day, investors will be watching for...

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