Kiwi dollar still wavers

THE New Zealand dollar was little changed yesterday, trading in a narrow range after the NZ First party leader Winston Peters delayed a decision on who will lead the next government.

The kiwi traded at US70.75¢ at 5pm in Wellington from 70.69¢ at 8am.

“It’s still ‘which way will Winston swing’ – that’s what the market’s waiting to price in,” said Imre Speizer, senior market strategist at Westpac. “If he announces a swing to the right, you’ll probably see buying in the kiwi; if it’s left … they may sell the kiwi.”