NZ dollar drifts ahead of Wheeler speech, FOMC

Mon, 27 Jul 2015

By Paul McBeth July 27 (BusinessDesk) - The New Zealand dollar rose against the US dollar ahead of a speech by Reserve Bank governor Graeme Wheeler on Wednesday and a US interest rate review at the end of the week. The kiwi edged up to 65.88 US cents at 5pm in Wellington from 65.71 cents at 8am and 65.76 cents on Friday in New York. The trade-weighted index was little changed at 70.22 from 70.30 last week. The kiwi gained 1 percent last week after the Reserve Bank disappointed some investors who were expecting a more aggressive approac...

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