NZ dollar falls as prospect of new Fed chair stokes rate hike bets; Catalonia vote weighs on euro

Mon, 02 Oct 2017

By Rebecca Howard Oct. 2 (BusinessDesk) - The New Zealand dollar slipped as the greenback benefitted from the possibility a new Federal Reserve chair could tighten monetary policy faster than the current regime and as the euro was weighed on by uncertainty over the Catalonia independence vote. The kiwi traded at 71.96 as at 5pm versus 72.14 US cents as at 8am in Wellington from 72.05 cents in New York on Friday. It was little changed at 61.09 euro cents from 61.02 cents last week. The greenback gained as investors interpreted U...

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