NZ dollar gains as Fed minutes point to 3 hikes, European data weakens

Wed, 23 May 2018

By Jonathan Underhill May 24 (BusinessDesk) - The New Zealand dollar rose against the greenback and the euro after the Federal Reserve minutes pointed to no more than three rate hikes this year while European manufacturing and services data weakened. The kiwi dollar advanced to 69.20 US cents as at 8am in Wellington from 69.09 cents late yesterday. The kiwi gained to 59.10 euro cents from 58.72 cents and the trade-weighted index rose to 72.62 from 72.48. The Fed minutes showed most policymakers saw the need for another rate hike in the...

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