NZ dollar pares slide as traders mull scope of rate hikes; GDP, Federal Reserve loom

Mon, 17 Mar 2014

March 17 (BusinessDesk) – The New Zealand dollar pared a decline against the greenback and the yen as traders look ahead to economic growth figures for confirmation of the local central bank’s track of interest rate increases. The kiwi dollar traded at 85.35 US cents at 5pm in Wellington, up from 85.25 US cents at the start of the day and from 85.34 cents in New York on Friday. The kiwi rose to 86.69 yen from 86.34 yen at 8am in Wellington. Figures on Thursday are expected to show the economy grew 0.9 percent in the fourth quarter of 2013, j...

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