NZ dollar pares gain in lead up to Fed review, annual current account deficit narrows

Wed, 17 Sep 2014

By Paul McBeth Sept. 17 (BusinessDesk) - The New Zealand dollar pared gains as investors refrained from taking any new positions ahead of the US Federal Reserve's policy review, and after government figures showed the current account deficit narrowed in the year to June 30. The kiwi traded at 81.83 US cents at 5pm in Wellington from 81.97 cents at 8am, up from 81.61 cents yesterday. The trade weighted index was little changed at 78.51 from 78.47 yesterday. Traders are awaiting the outcome of the two-day Federal Open Market Committee me...

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