NZ dollar gains ahead of Fed meeting, dairy futures point to price increase

Mon, 11 Apr 2016

By Paul McBeth April 11 (BusinessDesk) - The New Zealand dollar gained ahead of a meeting of Federal Reserve officials which may see the world's biggest central bank give a clearer view on how the market should be pricing the direction of US interest rates, while locally, dairy futures are pointing to an increase in prices for the country's biggest export. The kiwi rose to 68.21 US cents at 5pm in Wellington from 67.93 cents at 8am and 67.92 cents at the close of trading in NewYork last week. The trade-weighted index advanced to 72 from...

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