NZ dollar holds gains as investors keep watch on the Fed

Wed, 22 Feb 2017

By Rebecca Howard Feb. 22 (BusinessDesk) - The New Zealand dollar held on to earlier gains as markets await minutes from the US Federal Reserve's latest meeting and several more speeches from Fed officials for a steer on where US interest rates may be heading. The kiwi traded at 71.64 US cents as at 5pm from 71.62 US cents at 8am in Wellington and 71.55 cents late yesterday. The trade-weighted index was at 78.07 from 78.03 yesterday. Two Fed officials were leaning towards higher US interest rates in speeches overnight, and the pace an...

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