NZ dollar drops after Fed's Dudley plays up US rate interest rate hike case

Wed, 01 Mar 2017

By Jonathan Underhill March 2 (BusinessDesk) - The New Zealand dollar fell after New York Federal Reserve President William Dudley talked up the prospects for US interest rate hikes while San Francisco Fed president John Williams said he saw no need to delay such a move in the face of stronger US employment and inflation. The New Zealand dollar fell to 71.39 US cents as at 8am in Wellington from 71.45 cents late yesterday and from 72.17 cents early yesterday. The trade-weighted index was at 77.91 from 77.90. The Fed's Dudley told CNN t...

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