NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut

Fri, 19 Jul 2019

By Jenny Ruth July 19 (BusinessDesk) - The New Zealand dollar is heading for a gain of almost a US cent over the week amid expectations the Federal Reserve will cut interest rates at the end of the month. The kiwi was trading at 67.77 US cents at 5pm in Wellington from 67.82 at 7:50am, up from 66.90 in New York last Friday. The trade-weighted index was at 73.89 points from 73.93. Early today, comments from New York Federal Reserve President John Williams that central banks should “take swift action when faced with adverse economic cond...

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