NZ dollar falls after Fed signals rates hikes are coming; Scottish, NZ votes loom

Thu, 18 Sep 2014

By Paul McBeth Sept. 18 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve signalled rates hikes were on the cards in the coming year, fuelling demand for the greenback, and as the looming Scottish independence referendum and the local general election keep an element of uncertainty in the air for investors. The kiwi traded at 81.05 US cents at 5pm in Wellington from 80.96 cents at 8am, down 81.84 cents yesterday. The trade-weighted index fell to 78.28 from 78.50 yesterday. The US Dollar Index, a measure of the gree...

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