NZ dollar jumps as Orr named governor, Fed hike seen 100% priced in

Mon, 11 Dec 2017

By Jonathan Underhill Dec. 11 (BusinessDesk) - The New Zealand dollar jumped after NZ Superannuation Fund chief Adrian Orr was named as next governor of the Reserve Bank, installing a seasoned veteran well known by the business community and possibly more hawkish than the incumbent. The kiwi rose to 68.86 US cents as at 5pm in Wellington from 68.34 cents at the start of the day, which was little changed from Friday in New York. The trade-weighted index rose to 72.96 from 72.49. Finance Minister Grant Robertson said Orr came with the un...

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