NZ dollar little changed as Fed's path comes back into view, weakening greenback

Tue, 22 Mar 2016

By Jonathan Underhill March 22 (BusinessDesk) - The New Zealand dollar, which has gained almost 7 percent from its January lows, was little changed as Standard & Poor's affirmed the sovereign rating and traders weakened the greenback on speculation the Federal Reserve won't hike interest rates aggressively. The kiwi traded at 67.68 US cents at 5pm in Wellington, from 67.65 cents at the start of the day and from 67.60 cents late yesterday. The trade-weighted index rose to 71.86 from 71.74 yesterday. The Federal Reserve's signal last wee...

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