NZ dollar advances against weaker US dollar ahead of Fed, RBNZ

Mon, 27 Apr 2015

By Tina Morrison April 28 (BusinessDesk) - The New Zealand dollar advanced against a weaker US dollar as traders push out expectations for a US interest rate hike, with both the US Federal Reserve and New Zealand's Reserve Bank scheduled to decide on interest rates on Thursday. The kiwi rose to 76.39 US cents at 8am in Wellington, from 76.12 cents at 5pm yesterday. The trade-weighted index was at 79.24 from 78.75 at 5pm on Friday. Markets in New Zealand were closed yesterday for the Anzac public holiday. The dollar index, which measure...

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