NZ dollar gains as markets dig in for more Fed news

Tue, 07 Oct 2014

By Paul McBeth Oct. 8 (BusinessDesk) - The New Zealand dollar gained as markets dial back their support for the US dollar as they await more information from the US Federal Reserve on its plans to shift away from running a zero interest rate policy. The kiwi rose to 78.31 US cents at 8am in Wellington from 77.96 cents yesterday. The trade-weighted index was little changed at 77.19 from 76.17 yesterday. Traders pared back their support for the greenback after its steady gain since the end of June, with the US dollar index, a measure aga...

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