NZ dollar edges lower in holiday trading; greenback may advance as Fed speakers stoke rate hike bets

Wed, 11 Nov 2015

By Tina Morrison Nov. 12 (BusinessDesk) - The New Zealand dollar edged lower in light trading due to the US Veterans Day holiday, ahead of speeches by Federal Reserve officials which may bolster the case for a US interest rate hike, and push the greenback higher. The kiwi declined to 65.55 US cents at 8am in Wellington, from 65.81 cents at 5pm yesterday. The trade-weighted index slipped to 71.58 from 71.78 yesterday. The US dollar index, which measures the greenback against a basket of currencies, has gained 2 percent so far this month...

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