NZ dollar falls ahead of RBNZ review; Fed hikes key rate

Wed, 26 Sep 2018

By Paul McBeth Sept. 27 (BusinessDesk) - The New Zealand dollar fell ahead of the Reserve Bank's policy review which is expected to keep the door open for a rate cut despite strong economic growth and recovering business confidence. The kiwi traded at 66.50 US cents at 8am in Wellington from 66.70 cents yesterday. It briefly spiked to 66.90 cents after the Federal Reserve altered the wording of its statement in hiking the federal funds rate. The trade-weighted index was at 72.08 from 72.22 yesterday. Governor Adrian Orr is expected to...

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