NZ dollar edges lower as Fed meeting takes centre stage this week

Mon, 25 Jul 2016

By Paul McBeth July 25 (BusinessDesk) - The New Zealand dollar dipped as investors prepare for the Federal Reserve's policy review this week and will be looking for signs the world's biggest central bank will raise interest rates later this year. The kiwi slipped to 69.79 US cents at 5pm in Wellington from 69.89 cents at 8am and 69.97 cents on Friday in New York. The trade-weighted index decreased to 74.98 from 75.06 last week. The Federal Open Market Committee will update policy on Tuesday in Washington, and investors anticipate cha...

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