NZ dollar gains vs greenback on Fed's 'gradual hikes' view, at 6-month high vs Aussie

Wed, 21 Feb 2018

By Jonathan Underhill Feb. 22 (BusinessDesk) - The New Zealand dollar rose against the greenback after the Federal Reserve minutes showed policymakers still favour gradual rate hikes. It rose to a six-month high versus the Aussie after weaker economic data across the Tasman. The kiwi gained to 73.77 US cents after the Fed minutes were released at about 8am NZ time from 73.34 cents late yesterday. The trade-weighted index rose to 75.66 from 75.31. The minutes of the Fed's Jan. 30-31 policy meeting, the last with Janet Yellen as chair, s...

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