NZ dollar gains as Fed seen in no rush, Australia adds more jobs

Thu, 18 Aug 2016

By Jonathan Underhill Aug. 18 (BusinessDesk) - The New Zealand dollar gained after minutes of the last Federal Reserve meeting indicated it's in no rush to hike interest rates while stronger-than-expected Australian jobs data lifted the kiwi in line with a stronger Aussie dollar. The kiwi rose to 72.88 US cents as at 5pm in Wellington from 72.52 cents late yesterday. The trade-weighted index was at 76.80 from 76.68. The US dollar index fell to a 3-month low after the Federal Open Market Committee minutes showed a less hawkish central b...

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