NZ dollar declines after Fed hikes rates, keeps outlook unchanged

Wed, 16 Dec 2015

By Tina Morrison Dec. 17 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve raised interest rates for the first time in nearly a decade and kept its outlook for future hikes on track. The kiwi was trading at 67.66 US cents at 8:30am in Wellington, from 67.79 cents immediately before the Fed's decision was released at 8am, and from 67.65 cents at 5pm yesterday. It dropped as low as 67.10 US cents after the announcement. The trade-weighted index was at 73.60 at 8:30am, from 73.69 at 8am, and 73.55 yesterday. The Feder...

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