NZ dollar 'in holding pattern' ahead of FOMC, after gaining with dairy auction

Wed, 16 Sep 2015

By Jonathan Underhill Sept. 16 (BusinessDesk) - The New Zealand dollar rose after the latest GlobalDairyTrade auction and has held in a narrow range since then, with traders unwilling to make big bets ahead of the results of the US Federal Open Market Committee's deliberations on Friday. The kiwi traded at 63.48 US cents, little changed from the start of the day and up from 63.10 cents late yesterday. The trade-weighted index rose to 68.72 from 68.28 yesterday. The Fed is moving closer to raising interest rates for the first time in ni...

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