NZ dollar heads for 1.6% weekly decline as investors remain uncertain of timing

Fri, 08 Apr 2016

By Paul McBeth April 8 (BusinessDesk) - The New Zealand dollar is heading for a 1.6 percent weekly decline against the greenback amid uncertainty about when the Federal Reserve will resume hiking interest rates in the world's biggest economy. The local dollar fell to 67.78 US cents at 5pm in Wellington from 68.89 cents last week, when the kiwi jumped to a nine-month high. It traded at 67.78 cents at 8am, down from 68.24 cents yesterday. The trade-weighted index fell to 71.81 from 72.22 yesterday and is heading for a 1.5 percent weekly d...

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