NZ dollar dips after Fed minutes not as dovish as expected

Wed, 20 Feb 2019

By Rebecca Howard Feb. 21 (BusinessDesk) - The New Zealand dollar dipped after the release of the minutes from the US Federal Open Market Committee's January meeting, which weren't as dovish as the investors expected. The kiwi was trading at 68.61 US cents at 8.15am in Wellington from 68.72 cents at 5pm yesterday in Wellington. The trade-weighted index was at 74.15 from 74.29. The minutes showed tighter financial conditions and the prospect of muted inflation convinced Fed officials they could be patient regarding any rate increases....

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