NZ dollar falls as investors see higher US interest rates on track after Fed delay

Tue, 22 Sep 2015

By Paul McBeth Sept. 22 (BusinessDesk) - The New Zealand dollar fell as investors still see the Federal Reserve hiking interest rates from the near-zero rate they've been at for seven years after the world's biggest central bank held off raising rates last week. The kiwi traded at 63.14 US cents at 5pm in Wellington from 63.21 cents at 8am, down from 63.57 cents yesterday. The trade-weighted index declined to 68.43 from 68.61 yesterday. The dollar index, a measure of the greenback against a basket of currencies, rallied during New York...

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