NZ dollar muted as investors await Fed chair Yellen's testimony

Mon, 23 Feb 2015

By Tina Morrison Feb. 24 (BusinessDesk) - The New Zealand dollar was little changed as investors await US Federal Reserve chair Janet Yellen's semi-annual testimony to US lawmakers for clues as to when the world's largest economy may raise interest rates. The kiwi was trading at 75.20 US cents at 8am in Wellington, from 75.13 cents at 5pm yesterday. The trade-weighted index was at 78.05 from 77.92 yesterday. Investors are reluctant to make big bets ahead of Yellen's testimony on the US economy and monetary policy before the senate bank...

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