NZ dollar pushes up ahead of rate announcement

Photo / Dean Purcell

The New Zealand dollar was pushing up in trading in the hours ahead of the Official Cash Rate announcement in New Zealand.

At 7.30am today the NZ dollar was buying US76.84c, having climbed from around US76.50c two hours earlier, and from US76.66c at 5pm yesterday.

The kiwi was also up to 0.5623 euro at 7.30am from around 0.5590 at 6am and 0.5603 at 5pm, and was up to A77.15c against the Australian dollar having dipped below A76.80c around 4.30am.

ANZ said it was all about the Reserve Bank of New Zealand today as far as the NZ dollar was concerned. A dovish tone in its 9am announcement could see the NZ dollar under pressure.

The kiwi was up to 63.29 yen at 7.30am having climbed from about 62.90 at 3am. The trade weighted index was 68.50 at 7.30am from 68.33 at 5pm.

- NZPA