NZ dollar holds gains against greenback after Fed stands pat

Thu, 12 Dec 2019

The New Zealand dollar held its gains against the greenback after the US Federal Reserve kept rates on hold and signalled no change in the near future. “The committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labour market conditions, and inflation near the committee's symmetric 2 percent objective,” it said in a statement. The economic projections show that most Fed officials expect rates to stay on hold in 2020 and no Fed official expects a rate cut next...

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