NZ dollar falls as traders wind back bets on Fed hike in September, helping lift greenback

Thu, 27 Aug 2015

By Jonathan Underhill Aug. 27 (BusinessDesk) - The New Zealand dollar fell as traders continued to wind back bets that the US Federal Reserve will raise interest rates as soon as September, helping lift US stocks and the greenback. The kiwi dropped to 64.34 US cents as at 5pm in Wellington from 64.93 cents in late trading yesterday. The trade-weighted index fell to 69.67 from 70.12 yesterday. New York Federal Reserve chief William Dudley stoked speculation the Fed won't rush to raise interest rates, saying starting the normalisation pr...

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