NZ dollar gives up gain as Fed's Yellen plays straight bat in final review

Wed, 31 Jan 2018

By Paul McBeth Feb. 1 (BusinessDesk) - The New Zealand dollar gave up earlier gains as Federal Reserve chair Janet Yellen played a straight bat in her final policy review, keeping rates on hold while adding emphasis on plans to raise US interest rates. The kiwi fell to 73.53 US cents as at 8am in Wellington from as high as 74.19 cents overnight, and down from 73.77 cents yesterday. The trade-weighted index declined to 74.84 from 75.09 yesterday. The Federal Open Market Committee was unanimous in keeping the federal funds rate in a ra...

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