NZ dollar edges higher as Fed minutes reiterate December rate hike bias

Wed, 18 Nov 2015

By Tina Morrison Nov. 19 (BusinessDesk) - The New Zealand dollar edged higher after this morning's release of the minutes of the US Federal Reserve's last meeting reiterated that US interest rates may rise next month, but failed to make the case any stronger. The kiwi advanced to 64.46 US cents at 8.30am in Wellington, from 64.35 cents immediately prior to the 8am release of the Fed minutes. It declined from 64.65 US cents at 5pm yesterday amid weaker commodity prices. The trade-weighed index was at 70.53 at 8.30am, from 70.49 at 8am and...

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