NZ dollar falls as US Fed officials say June interest rate hike still possible

Mon, 23 May 2016

By Paul McBeth May 24 (BusinessDesk) - The New Zealand dollar fell as traders continued to see the possibility of US interest rates rising next month after Federal Reserve officials said the June meeting was still live for a move, stoking demand for the greenback. The kiwi fell to 67.63 US cents at 8am in Wellington from 67.94 cents yesterday. The trade-weighted index declined to 72.84 from 73.08 yesterday. Traders are pricing in a 32 percent chance the Federal Open Market Committee will raise the federal funds rate when it meets nex...

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