NZ dollar washing around ahead of Fed rate decision

Wed, 30 Oct 2019

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...

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