NZ dollar rises to month high after Wheeler speech, greenback weakness

Wed, 03 Feb 2016

By Tina Morrison Feb. 4 (BusinessDesk) - The New Zealand dollar touched a month-high after Reserve Bank governor Graeme Wheeler talked down the chances of another rate cut, while the greenback slipped on growing speculation the Federal Reserve won't hike rates anytime soon. The kiwi touched 66.97 US cents, and was trading at 66.85 cents at 8am in Wellington, from 65.39 cents at 5pm yesterday. The trade-weighted index gained to 72.82 from 71.99 yesterday. The dollar index, which measures the greenback against a basket of currencies, tou...

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