NZ dollar little changed as Fed officials fail to give new direction

Wed, 28 Sep 2016

By Jonathan Underhill Sept. 29 (BusinessDesk) - The New Zealand dollar was little changed after appearances by top Federal Reserve officials did little to change market perceptions of the timing of interest rate hikes in the US. The kiwi traded at 72.73 US cents as at 8am in Wellington from 72.72 cents late yesterday. The trade-weighted index was at 77.06 from 77.11. Chicago Fed President Charles Evans said in a speech that US monetary policy wasn't as loose as some market commentators have asserted and there wasn't a need to rush to r...

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