Wakeup call: Kiwi dollar dives

The kiwi takes a tumble. (Image: Deposit Photos)

Fri, 28 Jan 2022

Summary: The NZ dollar fell below 66 US cents overnight as financial markets digested hawkish comments from the Federal Reserve seen likely to lift US interest rates and the US dollar with it.Kiwi down The NZ dollar fell to a fresh 15-month low under 66 US cents this morning as global markets priced in comments from US Federal Reserve chair Jay Powell yesterday, suggesting the Fed would push up US interest rates as many as seven times this year and make the US dollar comparatively more valuable. The NZ dollar hit a low of 65.91 US cents earlier...

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