NZ dollar gains against broadly weaker greenback after Fed minutes

Thu, 17 Aug 2017

By Rebecca Howard Aug. 17 (BusinessDesk) - The New Zealand dollar gained against a broadly weaker greenback after minutes from the US Federal Reserve's policy meeting potentially signaled policy makers could delay a rate hike. The kiwi rose to 73.28 US cents as at 5pm in Wellington from 73.06 US cents at 8am and from 72.34 cents late yesterday. The trade-weighted index climbed to 77.13 from 76.52. "It's held up above 73 cents all day" after it "rallied quite hard on the back of that US dollar weakness," said Tim Kelleher, head of ins...

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