RESEND: NZ dollar little changed as market rethinks depth of rate cuts

Tue, 25 Oct 2016

(Fixes reference to easing in the third paragraph) By Paul McBeth Oct. 25 (BusinessDesk) - The New Zealand dollar was little changed as investors scale back their expectations for how low local interest rates will go, although US politics and monetary policy continue to dominate global markets. The kiwi traded at 71.48 US cents at 5pm in Wellington from 71.31 cents at 8am and 71.57 cents in late Asian trading yesterday, when local markets were closed for Labour Day. The trade-weighted index was little changed at 77.04 from 77.12. ...

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