NZ dollar hovers near 64 US cents as central bankers gather

Wed, 21 Aug 2019

By Rebecca Howard Aug. 22 (BusinessDesk) - The New Zealand dollar is hovering near 64 US cents after minutes from the US Federal Reserve suggested the rate cut there last month wasn't the start of a strong easing cycle. The kiwi was trading at 64.01 US cents at 7:50 am in Wellington from 64.07 US cents at 5pm and the trade-weighted index was at 71.24 from 71.28. ANZ Bank economists Miles Workman and Michael Callaghan said markets had a “risk-on tone” ahead of the release of the FOMC minutes. The greenback found more support when the...

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