NZ dollar jumps 1 US cent overnight after Yellen signals caution about future US rate hikes

Tue, 29 Mar 2016

By Tina Morrison March 30 (BusinessDesk) - The New Zealand dollar rose a cent against the US dollar overnight after Federal Reserve chair Janet Yellen reiterated that she is cautious about future US interest rate hikes. The kiwi jumped to 68.57 US cents at 8am in Wellington, from 67.50 cents at 5pm yesterday. The trade-weighted index increased to 72.69 from 71.96 yesterday. The US dollar index, which measures the greenback against a basket of currencies, declined after Yellen was cautious about hiking interest rates in her first commen...

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