NZ dollar little changed on the week after Fed sparks big moves

Fri, 19 Sep 2014

By Paul McBeth Sept. 19 (BusinessDesk) - The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback, after the prospect for higher US interest rates pushed the local currency to a seven-month low. The local currency traded at 81.37 US cents at 5pm in Wellington from 81.51 cents on Friday in New York last week. It traded at 81.43 cents at 8am, up from 81.06 cents yesterday. The trade-weighted index advanced to 78.46 from 78.28 yesterday, largely unchanged from 78.53 at last week's close. A BusinessDesk surv...

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