NZ dollar dips as economic growth revised down, Fed eyes rate hikes

Thu, 18 Dec 2014

By Paul McBeth Dec. 18 (BusinessDesk) - The New Zealand dollar dipped after the country's pace of economic growth was revised down, though continued to beat expectations, and as the Federal Reserve gets closer to making a call on whether to hike interest rates. The kiwi fell to 77.13 US cents at 5pm in Wellington from 77.80 cents at 8.15am and 77.36 cents yesterday. The trade-weighted index increased to 77.80 from 77.68. New Zealand's economy grew 1 percent in the three months ended Sept. 30, beating economists' expectations, though th...

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