NZ dollar washing around ahead of Fed rate decision

NZ dollar washing around ahead of Fed rate decision
Rebecca Howard
The New Zealand dollar was largely unchanged late in the local session as investors await tomorrow’s rate decision from the US Federal Reserve. The kiwi was trading at 63.51 US cents at 5.05pm in Wellington from 63.53 at 8am. The trade-weighted index was at 70.18 versus 70.20. “It’s just washing around, still in the range,” said Tim Kelleher, the head of institutional foreign exchange sales at Commonwealth Bank of Australia. “Really, we are just waiting for the Fed tomorrow.” The Federal Reserve's open market committee is expected to c...

More Markets

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.

Forsyth Barr highlights 'hidden gem' at Ebos
Markets

Forsyth Barr highlights 'hidden gem' at Ebos

Both businesses were part of its A$1.16b LifeHealthcare acquisition.