RESEND: NZ dollar gains after RBNZ's Wheeler keeps rates unchanged, upbeat on local outlook

Thu, 12 Mar 2015

(Fixes typo in headline) By Paul McBeth March 12 (BusinessDesk) - The New Zealand dollar gained after Reserve Bank governor Graeme Wheeler kept the benchmark interest rate unchanged, saying the local economy was in a healthier state and not in the same boat as the 24 other central banks that have cut rates this year. The kiwi rose to 72.95 US cents at 5pm in Wellington from 71.84 cents immediately before the statement, and 72.39 cents yesterday. The trade-weighted index advanced to 77.37 from 76.51 yesterday. Wheeler kept the offic...

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