NZ dollar little changed in tight range ahead of Fed

Tue, 14 Mar 2017

By Rebecca Howard March 14 (BusinessDesk) - The New Zealand dollar stuck to a very tight range as the two-day meeting by Federal Reserve policymakers is about to get underway, with all eyes on interest rate projections. The kiwi dollar traded at 69.20 US cents in Wellington, down from 69.35 cents late yesterday. The trade-weighed index dipped to 75.83 from 75.93. "The market is waiting, anxiously, for the Fed," said Westpac Banking Corp senior strategist Imre Speizer. Given markets are widely expecting the US Federal Open Market C...

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