NZ dollar little changed as dairy prices fall, Fed speakers keep March 'live'

Tue, 21 Feb 2017

By Jonathan Underhill Feb. 22 (BusinessDesk) - The New Zealand dollar was little changed, retracing an earlier decline, after dairy prices fell as expected and comments by Federal Reserve officials kept alive the possibility of a US rate hike as soon as next month. The kiwi traded at 71.62 US cents as at 8am in Wellington, having sunk as low as 71.27 cents ahead of the GlobalDairyTrade auction, from 71.55 cents late yesterday. The trade-weighted index was at 78.10 from 78.03 yesterday. Two Fed officials spoke overnight. Philadelphia Fe...

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