NZ dollar gains after Fed's greenback concerns surprise market

Thu, 09 Oct 2014

By Paul McBeth Oct. 9 (BusinessDesk) - The New Zealand dollar gained after minutes from the Federal Reserve's September policy meeting surprised traders, showing the world's biggest central bank was concerned with the strength of the greenback. The kiwi rose to 79.39 US cents at 5pm in Wellington from 78.96 cents at 8am and 77.90 cents yesterday. The trade-weighted index advanced to 76.96 from 75.96 yesterday. The local currency extended its gain in the local session after the release of the Fed minutes, which showed policy makers at t...

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