NZ dollar holds near two-week low ahead of FOMC meeting, GDP data

Wed, 16 Mar 2016

By Paul McBeth March 16 (BusinessDesk) - The New Zealand dollar held near a two-week low ahead of the Federal Reserve's latest policy review and local figures on fourth-quarter economic growth. The kiwi traded at 66.01 US cents at 5pm in Wellington, near the 65.82 cents level it hit overnight, and down from 66.67 cents yesterday. The trade-weighted index fell to 70.85 from 71.39 yesterday. The Federal Open Market Committee is expected to keep the fed funds rate unchanged at the conclusion of its two-day meeting on Wednesday in Washin...

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