NZ dollar little changed near 4-week low after Dudley comments lift greenback

Mon, 10 Apr 2017

By Jonathan Underhill April 10 (BusinessDesk) - The New Zealand dollar was little changed near a four-week low following New York Fed President William Dudley's comment that the US central bank wouldn't need to delay rate hikes much in order to shrink its balance sheet. The kiwi traded at 69.36 US cents as at 5pm in Wellington from 69.34 cents in late New York trading on Friday, when it fell as low as 69.26 cents, the lowest since March 15. The trade-weighted index declined to 75.84 from 77. Dudley clarified earlier comments about a pa...

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