NZ dollar treads water ahead of Fed monetary policy decision

Wed, 29 Jul 2020

The New Zealand dollar was stalled near a seven-month high ahead of the Federal Reserve's latest monetary policy decision amid persistent US dollar weakness. The kiwi was trading at 66.50 US cents at 5pm in Wellington from 66.58 cents at the same time yesterday while the trade-weighted index was at 72.39 from 72.55. "We've still got US dollar weakness across the board, regardless of what happens," said Mitchell McIntyre, a dealer at XE. Some of the headlines, including worsening tensions between the US and China and the spreading covid...

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