http://nz.biz.yahoo.com//091104/26/fhea.html
WELLINGTON, Nov 4 (Reuters) - The New Zealand dollar NZD=
was steady on Wednesday, with higher dairy prices supporting
the currency amid broader caution over risky assets ahead of
the Federal Reserve's policy-setting meeting.
* Kiwi settles around $0.7222/28, hovering in tight ranges
between $0.7206 and $0.7226.
* Kiwi well supported above $0.72 as Fonterra, NZ's top
export earner, reports a 13.7 percent rise in dairy prices at
its latest auction, pointing to a strengthening in demand.
[ID:nWEL459929]
* U.S. dollar steadies, having hit a one-month high on a
basket of currencies as concerns about the global banking
sector re-ignite safe-haven demand.
* Markets cautious ahead of a slew of central bank meetings
this week. The U.S. Federal Reserve starts a two-day meeting on
Tuesday and the European Central Bank and the Bank of England
hold policy meetings later in the week. [ECB/INT] [BOE/INT]
* NZ dollar still below A$0.80 NZDAUD=R after the Reserve
Bank of Australia's (RBA) decision to raise rates by 25 basis
points to 3.50 percent on Tuesday.
* But fears of a rapid widening of the yield gap between NZ
and Australia eased after the RBA said it expected to gradually
lessen its stimulus of the economy and sounded less hawkish
than some had bet [ID:nSYD339317]
* Kiwi steady against the euro NZDEUR=R and the yen
NZDJPY=R, keeping the trade-weighted index =NZD flat.
* Kiwi seen supported near term at $0.7100 with resistance
at $0.7270.
* NZ bonds a touch firmer, while the U.S. government
securities prices slid ahead of the Fed meeting.
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