The New Zealand dollar yesterday settled around levels of a week ago as local market participants returned from a holiday weekend and looked ahead to Thursday's rate decision.
By 5pm it was buying US74.76c. It fell on Monday night when the greenback strengthened and was US74.62c at 8am, from US75.61c, at 5pm on Friday.
Westpac said the NZ dollar peaked at US76.25c last week and any break of that level would keep the bullish trend intact.
The Reserve Bank reviews its official cash rate, currently at 2.5 per cent, tomorrow.
- NZPA
NZ dollar settles
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