NZ dollar range bound; all eyes on Fed

Wed, 15 Mar 2017

By Rebecca Howard March 15 (BusinessDesk) - The New Zealand dollar kept to a tight range as markets await a series of events, in particular the results of the Federal Reserve's meeting due early Thursday New Zealand time. The kiwi dollar traded at 69.31 US cents as at 5pm in Wellington versus 69.21 US cents as at 8am and 69.20 cents late yesterday. The trade-weighed index was at 75.97 from 75.83. "The New Zealand dollar is chopping around a little bit but markets in general are waiting for the next 24 hours. We have plenty on the ho...

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