NZ dollar falls as Fed official fans rate-hike talk, Jackson Hole looms

Sun, 21 Aug 2016

By Jonathan Underhill Aug. 22 (BusinessDesk) - The New Zealand dollar fell after San Francisco Federal Reserve President John Williams revived talk of a rate hike as soon as September, taking a little of the shine off the kiwi's high yield. The kiwi fell to 72.45 US cents at 8am in Wellington, from 72.68 cents in late New York trading on Friday. The trade-weighted index fell to 76.82 from 77.05. Williams, a non-voting Fed member, said that the US economy had "good momentum" and it made sense to return to gradual increases, "preferably...

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