NZ dollar falls as Fed leaves December rate hike live, US jobs growth rises

Wed, 01 Nov 2017

By Jonathan Underhill Nov. 2 (BusinessDesk) - The New Zealand dollar fell from its highest levels in more than a week after the Federal Reserve cited "solid" economic activity and a strengthening labour market in its policy review, keeping alive prospects of a rate hike next month. The kiwi traded fell to 68.83 US cents as at 8am in Wellington, having touched 69.31 cents overnight, from 69.08 cents late yesterday. The trade-weighted index fell to 72.97 from 73.29. The Fed kept interest rates unchanged as expected while saying that desp...

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