NZ dollar near 10-month low as US growth ahead of Fed meeting

Sun, 30 Apr 2017

By Paul McBeth May 1 (BusinessDesk) - The New Zealand dollar traded near a 10-month low after data showed sluggish consumer spending weighed on US economic growth, ahead of the Federal Reserve's monetary policy meeting this week which will include an update on the economy. The kiwi traded at 68.56 US as at 8am in Wellington from 68.66 cents on Friday in New York, hovering near the 68.45 cents low it reached on Thursday. The trade-weighted index declined to 74.55 from 74.72 last week. New Zealand's dollar fell 1.5 percent against the g...

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