NZ dollar little changed with US holiday, may fall on weaker dairy prices, Fed rate plans

Mon, 20 Feb 2017

By Jonathan Underhill Feb. 21 (BusinessDesk) - The New Zealand dollar was little changed, getting little overnight impetus with the US on holiday, and may decline if dairy prices fall at tonight's auction and expectations firm for interest rate hikes by the Federal Reserve. The kiwi traded at 71.82 US cents as at 8am in Wellington from 71.75 cents late yesterday. The trade-weighted index was at 78.22 from 78.15. Fed chair Janet Yellen has indicated a rate hike could come as soon as next month and the market is awaiting the minutes of t...

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