NZ dollar follows Wall Street, commodities higher as investors reassess US rate track

Thu, 22 Feb 2018

By Paul McBeth Feb. 23 (BusinessDesk) - The New Zealand dollar gained, following stocks on Wall Street and commodity prices higher as investors bet the Federal Reserve will stick to three rate hikes this year, based on the tone of its last policy meeting minutes. The kiwi rose to 73.43 US cents as at 8am in Wellington from 73.08 cents yesterday. The trade-weighted index increased to 75.41 from 75.21 yesterday. Stocks on Wall Street gained, with the Dow Jones Industrial Average recently up 0.9 percent, and the Thompson Reuters CRB inde...

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