NZ dollar slips as Fed's Harker talks up chance for March rate hike

Tue, 07 Feb 2017

By Paul McBeth Feb. 8 (BusinessDesk) - The New Zealand dollar slipped as Federal Reserve Philadelphia president Patrick Harker talked up the chances for an interest rate hike next month, stoking demand for the greenback. The kiwi fell to 73.17 US cents as at 8am in Wellington from 73.38 cents yesterday. The trade-weighted index declined to 79.64 from 80. The US dollar index, a measure of the greenback against a basket of currencies, rose 0.3 percent after Harker told reporters he backed three rate hikes this year and said the Federal...

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