NZ dollar remains in tight range, focus on FOMC

Tue, 19 Mar 2019

By Rebecca Howard March 20 (BusinessDesk) - The New Zealand dollar remained in a tight range ahead of tomorrow's Federal Reserve’Open Market Committee decision but was supported by a lift in dairy auction prices overnight. The kiwi traded at 68.57 US cents at 7:45am in Wellington, unchanged from 5pm yesterday. The trade-weighted index was at 74.27 from 74.24. Dairy commodity prices continue to rise with a 1.9 percent lift in the Global Dairy Trade price index overnight. Whole milk powder - which makes up the bulk of the auction - rose...

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