NZ dollar falls as Fed speakers reignite rate hike speculation

Mon, 12 Sep 2016

By Paul McBeth Sept. 12 (BusinessDesk) - The New Zealand dollar fell as the run of Federal Reserve officials speaking ahead of next week's policy review has investors pondering the prospects of an early interest rate hike by the world's biggest central bank. The kiwi traded at 73.17 US cents at 5pm in Wellington from 73.14 cents at 8am and down 73.33 cents on Friday in New York. The trade-weighted index dropped to 77.93 from 78.37 last week. Traders will closely watch a speech by US Federal Reserve Governor Lael Brainard, a voting me...

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