NZ dollar declines on greenback strength following Fed rate hike

Thu, 17 Dec 2015

By Tina Morrison Dec. 18 (BusinessDesk) - The New Zealand dollar declined amid greenback strength after the Federal Reserve raised interest rates and kept its outlook for further hikes next year intact. The kiwi fell to 67.03 US cents at 8am in Wellington, from 67.25 cents at 5pm yesterday. The broader trade-weighted index was unchanged at 73.40 after upbeat local growth data. The US dollar index, which measures the greenback against a basket of currencies, touched a two-week high after the Fed raised interest rates for the first time...

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