NZ dollar holds gains as Fed minutes raise questions on US rates; government awaited

Thu, 12 Oct 2017

By Paul McBeth Oct. 12 (BusinessDesk) - The New Zealand held on to earlier gains through the local trading session as minutes to the last US Federal Reserve policy review raised questions about the pace of future interest rate hikes, and as the formation of the next New Zealand government takes longer than initially signalled. The kiwi traded at 71.04 US cents at 5pm from 70.91 cents at 8am, up from 70.75 cents yesterday. The trade-weighted index advanced to 74.74 from 74.59. Minutes to the Fed's Sept. 19-20 meeting showed there were...

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