NZ dollar holds gains as investors await Fed minutes, US data

Mon, 18 Nov 2013

By Paul McBeth Nov. 18 (BusinessDesk) - The New Zealand dollar held gains in local trading after weaker US manufacturing figures on Friday weighed on the greenback, leaving investors cautious ahead of the Federal Reserve minutes to last policy meeting later this week. The kiwi traded at 83.50 US cents at 5pm in Wellington from 83.45 cents at 8am and 83.41 cents on Friday in New York. The trade-weighted index was 77.91 from 77.82 at the New York close. The US dollar index, a measure of the greenback against a basket of currencies, remained...

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