NZ dollar hold below 71 US cents after making small gains in Asian trading

Thu, 04 Jan 2018

By Rebecca Howard Jan. 4 (BusinessDesk) - The New Zealand dollar was slightly higher in Asia after minutes from the latest Federal Reserve policy meeting showed the central bank remained on track to raise interest rates several times this year but uncertainties remain. The kiwi traded at 70.97 US cents as at 5pm in Wellington versus 70.83 cents late yesterday. The trade-weighted index was at 73.87 from 73.72 yesterday. Most participants "reiterated their support for continuing a gradual approach to raising the target range," according...

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