NZ dollar may extend rally on signs of gradual Fed rate increases

Wed, 17 Oct 2018

By Paul McBeth Oct. 17 (BusinessDesk) - The New Zealand dollar may extend its recent rally on expectations the yield differential to the US may be kept in check near term. The kiwi traded at 65.83 US cents as at 5pm in Wellington from 65.90 cents at 8am, up from 65.68 cents yesterday. The trade-weighted index was at 71.89 from 71.75 yesterday. The greenback has lost a little of its lustre in recent days as investors question whether minutes from the Fed's last policy meeting indicate a more gradual track to higher interest rates, rat...

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