NZ dollar heads for 1.5% weekly gain as Fed keeps market guessing

Fri, 17 Oct 2014

By Paul McBeth Oct. 17 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent weekly gain against the greenback as investors pare back their bets on an early rate hike by the Federal Reserve after some weak US data earlier this week and conflicting messages from central bank officials yesterday. The kiwi rose to 79.30 US cents at 5pm in Wellington from 78.14 cents on Friday in New York last week. It traded at 79.41 cents at 8am and 79.73 cents yesterday. The trade-weighted index fell to 76.85 from 77.20 yesterday, and is hea...

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