NZ dollar adds 0.9% over week after dovish hike from Fed

Fri, 17 Mar 2017

By Rebecca Howard March 17 (BusinessDesk) - The New Zealand dollar ended 0.9 percent higher on the week after markets were disappointed when the US Federal Reserve didn't announce plans to accelerate the pace of rate increases later in the year. The kiwi dollar was trading at 69.90 US cents as at 5pm in Wellington versus 69.91 cents late yesterday and 69.31 early Monday. On a trade weighed-index basis it was at 75.97 versus 75.98 Monday and 76.07 late yesterday. There was plenty of event risk over the week, including rate decisions f...

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