NZ dollar gains before OCR review even as Trump tax plan, Fed view lift greenback

Wed, 27 Sep 2017

By Jonathan Underhill Sept. 28 (BusinessDesk) - The New Zealand dollar rose ahead of the Reserve Bank's interest rate review while many other currencies fell against the greenback on the prospects for US rate hikes and President Donald Trump's plan to slash taxes. The kiwi dollar gained to 72.17 US cents as at 8am in Wellington from 72.09 cents late yesterday. The trade-weighted index rose to 76.11 from 75.85 yesterday. Market bets on a Federal Reserve rate hike in December have increased to 72 percent, helped by what were taken as haw...

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