NZ dollar jumps a cent after Fed says it is concerned about strong US dollar

Wed, 08 Oct 2014

By Tina Morrison Oct. 9 (BusinessDesk) - The New Zealand dollar jumped a cent after the Federal Reserve said it was concerned a strong US dollar could hurt the world's largest economy. The kiwi touched a high of 79.14 US cents, and was trading at 78.96 cents at 8am, from 77.99 cents immediately before the minutes were released at 7am, and from 77.90 cents at 5pm yesterday. The trade-weighted index rose to 76.67 from 75.96 yesterday. The US dollar dropped after the release of the Fed minutes to its last meeting showed policy makers at t...

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