NZ dollar holds gains after US Fed minutes queries global outlook

Thu, 19 Feb 2015

By Paul McBeth Feb. 19 (BusinessDesk) - The New Zealand dollar held its gains in local trading after minutes to the US Federal Reserve's last policy meeting raised concerns about the global economic outlook and stoked speculation the US central bank will keep interest rates near zero for longer than anticipated. The kiwi traded at 75.66 US cents at 5pm in Wellington from 75.52 cents at 8.30am, up from 75.17 cents yesterday. The trade-weighted index rose to 78.36 from 78.10 yesterday. The Federal Open Market Committee cited the strength...

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