RESEND: NZ dollar fails to budge from key 84.60 US cent level in directionless market

Mon, 11 Aug 2014

(Removes extra yesterday in 2nd graph) By Tina Morrison Aug. 12 (BusinessDesk) - The New Zealand dollar continues to hover around its key 200-day moving average of about 84.60 US cents with no significant economic data or central bank action to provide direction and as many traders in the northern hemisphere take summer holidays. The kiwi was little changed at 84.61 US cents at 8am in Wellington from 84.67 cents at 5pm yesterday. The trade-weighted index was at 79.38 from 79.39 yesterday. New Zealand's curren...

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