NZ dollar pares gains in light trading ahead of Fed review

Tue, 20 Mar 2018

By Rebecca Howard March 20 (BusinessDesk) - The New Zealand dollar pared overnight gains against the greenback in thin trading as markets focus on the upcoming US Federal Reserve policy review with the Fed widely expected to lift interest rates. The kiwi fell to 72.23 US cents as at 5pm in Wellington from 72.53 US cents as at 8am in Wellington, though still up from 72.10 cents yesterday. The trade-weighted index was at 74.31 from 74.27. The Federal Open Market Committee is expected to raise the fed funds rate a quarter point to a rang...

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