NZ dollar falls against broadly stronger greenback ahead of Fed meeting

Mon, 18 Sep 2017

By Jonathan Underhill Sept. 19 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar ahead of the Federal Reserve's two-day policy meeting which may provide hints to how and when the central bank will begin unwinding its massive balance sheet. The kiwi fell to 72.57 US cents as at 8am in Wellington from 73.12 cents late yesterday. The trade-weighted index fell to 75.78 from 76.08 yesterday. The Federal Open Market Committee begins its meeting on Tuesday and while it is expected to keep the Fed funds rate unc...

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