RESEND: NZ dollar little changed as investors consider rate cut prospects

Thu, 07 May 2015

(Fixes kiwi/US rates in 2nd graph) By Paul McBeth May 7 (BusinessDesk) - The New Zealand dollar was little changed as investors consider the possibility of a rate cut after employment figures yesterday showed slowing wage growth in the first three months of the year. The kiwi traded at 75.03 US cents at 5pm in Wellington from 75.05 cents at 8am and 74.82 cents yesterday. The trade-weighted index advanced to 77.31 from 77.16 yesterday. Traders are digesting employment figures yesterday that showed New Zealand wage growth slowed in in...

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