NZ dollar hits fresh monthly high as doubts grow about Fed rate hikes

Thu, 04 Feb 2016

By Tina Morrison Feb. 5 (BusinessDesk) - The New Zealand dollar hit a new month-high as doubts grow as to whether the Federal Reserve will continue hiking interest rates this year, damping demand for the greenback. The kiwi touched 67.46 US cents, and was trading at 67.25 cents at 8am in Wellington, from 66.67 cents at 5pm yesterday. The trade-weighted index increased to 72.92 from 72.61 yesterday. The US dollar index, which measures the greenback against a basket of currencies, fell to its lowest level in more than three months as tra...

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