NZ dollar gains with commodity prices ahead of Fed decision on US rates

NZ dollar gains with commodity prices ahead of Fed decision on US rates
Jonathan Underhill
By Jonathan Underhill Dec. 13 (BusinessDesk) - The New Zealand dollar gained with prices of commodities as traders awaited the results of the Federal Reserve's two-day policy meeting that will chart a course for global interest rates. The kiwi dollar advanced to 71.94 US cents as at 5pm in Wellington, from 71.44 cents late yesterday. The trade-weighted index gained to 78.91 from 78.66. Financial markets are positioned for the Fed to announce a 25 basis point increase in the fed funds rate to a range of 0.5 percent-to-0.75 percent. But...