NZ dollar little changed after Fed as traders await RBNZ decision

Wed, 28 Jan 2015

By Tina Morrison Jan. 29 (BusinessDesk) - The New Zealand dollar was little changed after the Federal Reserve reiterated that it would remain "patient" in deciding when to raise interest rates, while noting inflation may decline further. The local currency is weaker heading into the Reserve Bank of New Zealand's interest rate decision this morning where it is expected to drop its tightening bias. The kiwi slipped to 74.22 US cents at 8:30am in Wellington from 74.61 cents when the Fed statement was released at 8am and 74.52 cents at 5pm ye...

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