NZ dollar holds above 88 US cts before Yellen testimony, CPI

Mon, 14 Jul 2014

By Jonathan Underhill July 14 (BusinessDesk) - Federal Reserve chair Janet Yellen will this week say the world's biggest economy needs stimulus for longer, weakening the greenback and driving demand for higher-yielding currencies. Yellen is scheduled to deliver her semi-annual policy testimony to the Senate Banking Committee on Tuesday in the US, and the next day to the House Financial Services Committee, having previously indicated the Fed isn't (BusinessDesk)

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