NZ dollar little changed near 73 US cts as traders question Fed's rate track

Thu, 18 Aug 2016

By Paul McBeth Aug. 19 (BusinessDesk) - The New Zealand dollar was little changed near 73 US cents after the minutes of the Federal Reserve's The kiwi traded at 72.91 US cents at 8am in Wellington from 72.88 cents yesterday. The trade-weighted index was almost unchanged at 76.83 from 76.80. The dollar index, a measure of the greenback against a basket of currencies, extended its decline to a near two-month low as investors appear reluctant to price in an increase in US interest rates. The prospect of lower rates for longer helped push...

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