NZ dollar little changed as further rate cut seen, key Fed meeting looms

Fri, 11 Sep 2015

By Jonathan Underhill Sept. 11 (BusinessDesk) - Sept. 11 (BusinessDesk) - The New Zealand dollar was little changed, having clawed back some ground from yesterday's selloff, as traders look ahead to a US Federal Reserve meeting next week that may be the start of a return to 'normal' monetary policy in the world's biggest economy. The kiwi dollar traded at 63.07 US cents as at 5pm in Wellington, little changed from the start of the day and up from 62.62 cents. The trade-weighted index barely shifted at 68.48 from 68.40. The market is di...

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