NZ dollar gains as Fed's Brainard warns against hiking US rates too early

Mon, 12 Sep 2016

By Paul McBeth Sept. 13 (BusinessDesk) - The New Zealand dollar gained after Federal Reserve governor Lael Brainard warned against hiking interest rates too early, citing tepid inflation and a slack labour market, which cooled speculation the US central bank may be poised to tighten. The kiwi rose to 73.50 US cents at 8am in Wellington from 73.17 cents yesterday. The trade-weighted index advanced to 78.14 from 77.93 yesterday. Investors had been re-thinking the chances of the Fed moving as early as next week after a series of central...

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