Kiwi Finds Footing on US Dollar Weakness

        17:08 EDT - NZD/USD stabilizes after coming under pressure last session on comments from RBNZ Governor Wheeler that raised concerns about the central bank acting to stem strength in the local currency. ANZ says Fed Chair Yellen's comments on downside risks from the housing recovery weighed on the US dollar, helping to offset the kiwi's weakness. The pair is at 0.8662, from 0.8690 late last session. ANZ expects the pair to trade in a short-term range of 0.8630 to 0.8700. (lucy.craymer@wsj.com; @lucy_craymer)
        (END) Dow Jones Newswires

        May 07, 2014 17:09 ET (21:09 GMT)