NZ dollar holds near 3-year high as traders look ahead to CPI, China GDP

Thu, 10 Apr 2014

April 10 (BusinessDesk) – The New Zealand dollar held near the three-year high it charted after the Federal Reserve signalled US interest rates will remain at a record low for longer, driving down the greenback. The kiwi traded at 87.17 US cents at 5pm in Wellington, having gained to as high as 87.25 US cents at the start of the day after the Fed minutes were released, and from 87.01 cents late yesterday. The trade-weighted index edged lower to 80.73 from 80.83 yesterday. Minutes of the Fed’s March policy meeting showed the US central bank w...

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