Kiwi slides lower as Fed jitters keep investors nervous

The NZ dollar has fallen in value in the wake of international unrest and risk worries.(Image: Deposit Photos)

Tue, 25 Jan 2022

The New Zealand dollar dropped below 67 US cents for the first time in 14 months as tensions between Russia and Ukraine stoke general uneasiness in financial markets ahead of the US Federal Reserve’s policy review this week.The kiwi fell to 66.93 US cents at 3pm in Wellington from 67.12 cents yesterday, while the trade-weighted index declined to 71.67 from 71.82.The greenback has risen ahead of widely anticipated interest rates hikes by the Fed, which may be steeper and faster than previously thought with the outbreak of the omicron varia...

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