NZ dollar hold at 67 US cts as Fed minutes stick to rate track

Wed, 22 Aug 2018

By Paul McBeth Aug. 23 (BusinessDesk) - The New Zealand dollar was virtually unchanged as minutes to the last Federal Reserve policy review showed the central bank committee still expected to keep raising interest rates. The kiwi traded in a tight range overnight and was at 67 US cents as at 8am in Wellington from 67.03 cents yesterday. The trade-weighted index was at 72.30 from 72.36 yesterday. Minutes to the last Federal Open Market Committee meeting noted some caution over trade, housing and emerging markets. But members largely h...

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