NZ dollar jumped to week high as economy beats expectations, Fed gloomy

Thu, 17 Mar 2016

By Paul McBeth March 17 (BusinessDesk) - The New Zealand dollar jumped to a week high against the greenback as the local economy grew more than expected through the final three months of 2015, and after the US Federal Reserve scaled back its planned rate hikes and gave a gloomy view on the global economy. The kiwi rose as high as 67.80 US cents, trading at 67.72 at 5pm in Wellington from 67 cents at 8am and 65.98 cents yesterday. The trade-weighted index climbed to 72.02 from 70.83 yesterday. New Zealand's economy grew 0.9 percent in...

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