NZ dollar gains on growing signs Fed will wait longer to raise rates

Mon, 12 Oct 2015

By Jonathan Underhill Oct. 12 (BusinessDesk) - The New Zealand dollar rose amid speculation inflation is tame enough in the US to prevent the Federal Reserve rushing to restore normal monetary conditions, including interest rates of more than zero, which has driven down the greenback. The kiwi rose to 66.97 US cents at 5 pm in Wellington, from 66.80 cents at the start of the day and from 66.90 cents in New York on Friday. The trade-weighted index was little changed at 71.57 from 71.56. Minutes of the Federal Open Market Committee's Se...

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