NZ dollar holds gains as investors await Fed review

Tue, 18 Dec 2018

By Paul McBeth Dec. 19 (BusinessDesk) - The New Zealand dollar held on to gains from yesterday's stronger than expected business confidence report as investors wait to see whether the Federal Reserve adjusts its plans for future interest rate hikes. The kiwi was at 68.48 US cents as at 8am in Wellington, unchanged from yesterday's New Zealand close. The trade-weighted index was at 74.85 from 74.86. The local currency rose yesterday after the ANZ Business Outlook survey showed fewer firms were pessimistic about the general economic ou...

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