NZ dollar rises, recovering from post-GDP drop as Fed looms

Thu, 17 Sep 2015

By Jonathan Underhill Sept. 17 (BusinessDesk) - The New Zealand dollar rose, recovering all of the ground lost in the wake of weaker than expected economic growth figures, as order flows drove up the currency ahead of the Federal Open Market Committee decision tomorrow. The kiwi advanced to 63.61 US cents as at 5pm in Wellington, having fallen as low as 63.31 cents after the growth report, from 63.48 cents late yesterday. The trade-weighted index was little changed at 68.74, having recovered from as low as 68.42. Gross domestic product...

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