NZ dollar falls as Fed remains centre stage, Brexit talk resurfaces

Mon, 13 Mar 2017

By Jonathan Underhill March 14 (BusinessDesk) - The New Zealand dollar fell ahead of the outcome of this week's two-day meeting by Federal Reserve policymakers, which is expected to result in the first of a series of rate hikes this year. The kiwi dollar traded at 69.20 US cents as at 8:30am in Wellington from 69.35 cents late yesterday. The trade-weighed index fell to 75.79 from 75.93. Markets are widely expecting the US Federal Open Market Committee to lift the fed funds rate a quarter point to a range of 0.75 percent to 1 percent, n...

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