NZ dollar holds gains as Yellen appearances stoke expectations of more on US rates

Mon, 14 Apr 2014

April 14 (BusinessDesk) – The New Zealand dollar held its gains of last week against the greenback before public statements by Federal Reserve chair Janet Yellen amid speculation she may clarify the central bank’s view on the start of any interest rate hikes in the US. The kiwi traded at 86.81 US cents at 5pm in Wellington, little changed from the start of the day or the Friday close in New York. It was at 86.37 cents on Friday in Wellington. The trade-weighted index was little changed from 8am at 80.45, up from 80.02 on Friday. The New Zeal...

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