NZ dollar rises after Yellen disappoints hawks and BOC lifts rates

Thu, 13 Jul 2017

By Rebecca Howard July 13 (BusinessDesk) - The New Zealand dollar rose after Federal Reserve chair Janet Yellen was seen as dovish and on some speculation that the New Zealand and Australian central banks may follow their Canadian counterpart and lift rates sooner rather than later. The kiwi rose to 72.84 US cents as at 5pm from 72.59 US cents as at 8am in Wellington from 72.38 cents late yesterday. The trade-weighted index was at 77.91 from 77.56. "Much of the gain can be attributed to the Fed walking back its strong rhetoric," said ...

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