NZ dollar hovers around 65 US cents after Fed, awaiting RBNZ

Wed, 27 Jan 2016

By Tina Morrison Jan. 28 (BusinessDesk) - The New Zealand dollar hovered around 65 US cents after the Federal Reserve kept interest rates on hold as expected and as traders await the Reserve Bank interest rate decision this morning. The kiwi advanced to 65.18 US cents at 8am in Wellington, from 64.77 cents at 5pm yesterday. It was trading at 65.06 at 8.30am after the Fed's decision was released at 8am New Zealand time. The Federal Reserve Open Market Committee said it was "closely monitoring" global economic and financial developments...

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