NZ dollar at 6-week high after dovish Fed, S&P lifts outlook on NZ

Thu, 31 Jan 2019

By Rebecca Howard Jan. 31 (BusinessDesk) - The New Zealand dollar was trading at a six-week higher after jumping when the US Federal Reserve sounded a more cautious note on future rate increases and after Standard & Poor's revised New Zealand's outlook to positive on its improving fiscal position. The kiwi traded at 69.15 US cents at 5pm in Wellington from 69.02 US cents at 8.30am in Wellington and 68.39 US cents yesterday. The trade-weighted index gained to 74.24 from 73.78 yesterday. The New Zealand dollar pushed higher early when...

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