NZ dollar falls as traders eye Fed meeting

Mon, 15 Dec 2014

By Paul McBeth Dec. 15 (BusinessDesk) - The New Zealand dollar fell as traders mulled the prospects for an optimistic US Federal Reserve primed to raise interest rates when it reviews policy this week, which would stoke demand for the greenback. The kiwi fell to 77.43 US cents at 5pm in Wellington from 77.61 cents at 8am and 77.76 cents on Friday in New York. The trade-weighted index declined to 78.04 from 78.56 last week. The Federal Open Market Committee is expected to increase its forecast track for the federal funds rate and drop i...

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