NZ dollar rises on speculation ahead of Fed meeting as China adds stimulus

Tue, 16 Sep 2014

By Tina Morrison Sept. 17 (BusinessDesk) - The New Zealand dollar advanced as investors pulled back expectations for the Federal Reserve to signal a rise in interest rates at this week's meeting and on reports China is adding liquidity to its banks to bolster economic growth. The kiwi rose to 81.97 US cents at 8am in Wellington, from 81.61 cents at 5pm yesterday. The trade-weighted index gained to 78.57 from 78.47 yesterday. The US dollar index, which measures the greenback against a basket of currencies, declined after the Wall Street...

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