NZ dollar little changed near 6-week low, could bounce if FOMC disappoints

Wed, 21 Mar 2018

By Rebecca Howard March 21 (BusinessDesk) - The New Zealand dollar was little changed near a six-week low ahead of a likely rate hike by the US Federal Reserve but could bounce back if the Fed fails to sound a more hawkish note in its commentary. The kiwi dollar traded at 71.78 US cents as at 5pm in Wellington from 72.23 cents late yesterday. The trade-weighted index dropped to 73.97 from 74.31. The Federal Open Market Committee is expected to raise the fed funds rate a quarter point to a range of 1.50 percent to 1.75 percent in an ann...

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