NZ dollar rises after dovish Fed outlook

Thu, 12 Dec 2019

The New Zealand dollar rose after the US Federal Reserve indicated that not only was it leaving interest rates unchanged, but that rates aren't likely to budge through next year and beyond. The kiwi was trading at 65.85 US cents at 5pm in Wellington from 65.72 at 8:10 while the trade-weighted index was at 72.50 points from 72.50. Ahead of the Fed's latest monetary policy decision, there had been some thoughts that, having made it clear it wasn't going to cut rates any further, it would indicate some timetable for rate hikes in the future,...

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