NZ dollar remains below 71 US cents ahead of Fed minutes

Wed, 12 Oct 2016

By Edwin Mitson Oct. 12 (BusinessDesk) - The New Zealand dollar strengthened against its US counterpart but remained below 71 cents ahead of the publication of Federal Reserve minutes overnight from the September meeting in which three of the 10 committee members wanted to raise rates a quarter-point. The summary of discussions will be closely watched by traders with a rate rise by the American central bank increasingly pencilled in for December, barring a win by Donald Trump in the Presidential election. In contrast, the Reserve Bank of...

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