NZ dollar heads for 1.4% weekly gain on Fed's cautious inflation view

Fri, 24 Nov 2017

By Rebecca Howard Nov. 24 (BusinessDesk) - The New Zealand dollar is headed to a 1.4 percent weekly gain after some market participants pared back their expectations for US interest rate increases next year after the Federal Reserve sounded a note of caution this week on low inflation. The kiwi traded at 68.75 US cents as at 5pm in Wellington from 68.76 cents late yesterday and 67.79 cents a week ago. The trade-weighted index was at 72.49 from 72.53 late yesterday. The kiwi benefited after minutes from the US Federal Reserve's latest...

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