NZ dollar rises after weak US data ahead of Fed interest rate decision

Tue, 27 Jan 2015

By Tina Morrison Jan. 28 (BusinessDesk) - The New Zealand dollar rose after weaker US data raised concerns the Federal Reserve may push out plans to raise interest rates this year. The kiwi advanced to 74.45 US cents at 8am in Wellington, from 74.19 cents at 5pm yesterday. The trade-weighted index was little changed at 76.70 from 76.75 yesterday. The US dollar index, which measures the greenback against a basket of currencies, fell after a report showed a decline in US durable goods orders. The non-defence capital goods orders excludin...

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