NZ dollar little changed ahead of Fed meeting where a rate hike is priced in

Mon, 12 Dec 2016

By Jonathan Underhill Dec. 12 (BusinessDesk) - The New Zealand dollar was little changed against the greenback ahead of this week's Federal Reserve policy meeting, which is expected to see a hike in the federal funds rate and potentially a stronger forecast track for economic growth. The kiwi dollar traded at 71.44 US cents as at 5pm in Wellington, little changed from 71.39 cents in late New York trading on Friday. The trade-weighted index was at 78.66 from 78.53 at the end of last week. Financial markets are certain the Fed will hike...

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