NZ dollar falls as Fed officials talk up prospects for future US rate hikes

Wed, 23 Mar 2016

By Tina Morrison March 24 (BusinessDesk) - The New Zealand dollar fell as more Federal Reserve officials suggested the US central bank should be hiking interest rates, contrasting with its decision last week to keep rates on hold. The kiwi dropped to 67.07 US cents at 8am in Wellington, from 67.35 cents at 5pm yesterday. The trade-weighted index edged up to 71.54 from 71.49 yesterday. The US dollar index, which measures the greenback against a basket of currencies, advanced as the flow of Federal Reserve officials speaking this week co...

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