NZ dollar rises on improved business confidence; FOMC and RBNZ in focus

Wed, 26 Sep 2018

By Rebecca Howard Sept. 26 (BusinessDesk) - The New Zealand dollar was buoyed by improving business confidence ahead of local and US monetary policy decisions tomorrow. The kiwi traded at 66.70 US cents at 5pm in Wellington versus 66.47 US cents at 8am in Wellington and 66.40 cents yesterday. The trade-weighted index was at 72.22 from 71.97. The New Zealand dollar got a lift from news that firms surveyed for the latest ANZ business outlook were the least pessimistic since May. A net 38.3 percent of 390 companies surveyed this month exp...

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