NZ dollar rises above 73 US cents as Fed meets, local data looms

Tue, 19 Sep 2017

By Jonathan Underhill Sept. 20 (BusinessDesk) - The New Zealand dollar rose above 73 US cents as financial markets await the outcome of the Federal Reserve policy meeting tomorrow and ahead of local balance of payments and economic growth data in the next two days. The kiwi dollar climbed to 73.13 US cents as at 8am in Wellington from 72.78 cents late yesterday. The trade-weighted index rose to 76.25 from 75.97 yesterday. Traders expect the Federal Open Market Committee to signal a reduction in the bank's monthly bond purchases as it p...

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