NZ dollar falls as Fed official Lockhart talks up rate hikes this year

Mon, 21 Sep 2015

By Paul McBeth Sept. 22 (BusinessDesk) - The New Zealand dollar fell as Federal Reserve official Dennis Lockhart talked up the chances of US rate hike coming this year, the third Fed official to support higher interest rates since last week's meeting, and stoking demand for the greenback. The kiwi fell to 63.21 US cents at 8am in Wellington from 63.57 cents yesterday. The trade-weighted index slipped to 68.46 from 68.61 yesterday. The US dollar index, a measure of the greenback against a basket of currencies, rallied after Atlanta Fed...

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