NZ dollar gains to six-week high as dovish Fed, global liquidity lift commodities, asset prices

Thu, 08 Oct 2015

By Jonathan Underhill Oct. 9 (BusinessDesk) - The New Zealand dollar rose to the highest level in more than six weeks after minutes of the last Federal Reserve meeting suggested its policymakers were more inclined to hold off raising interest rates and may not move as far in reversing from an extended period of quantitative easing. The kiwi jumped to 66.61 US cents at 8am in Wellington, from 66.05 cents late yesterday. The trade-weighted index rose to 71.60 from 71.04. The Federal Open Market Committee minutes show that policymakers de...

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