NZ dollar loses ground against US dollar as market decides Fed officials were more upbeat

Thu, 22 Feb 2018

By Rebecca Howard Feb. 22 (BusinessDesk) - The New Zealand dollar pared early gains against the greenback as the market digested the minutes from the US Federal Reserve's latest policy meeting. The kiwi was at 73.08 US cents at 5pm in Wellington from 73.77 US cents after the Fed minutes were released at about 8am NZ time, and from 73.34 cents late yesterday. The trade-weighted index was at 75.21, from 75.31. The kiwi initially rose when the minutes of the Fed's Jan. 30-31 policy meeting showed committee members still favoured more gra...

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