NZ dollar slips as Fed's rate hike, balance sheet views trump local election

Thu, 21 Sep 2017

By Jonathan Underhill Sept. 22 (BusinessDesk) - The New Zealand dollar fell as the US Federal Reserve signals on balance sheet unwinding and interest rate hikes outweighed gains made earlier in the week after a poll showing the National Party in the lead ahead of tomorrow's vote. The kiwi fell to 73.11 US cents as at 8am in Wellington from 73.21 cents late yesterday. The trade-weighted index was at 76.48 from 76.53. The Federal Open Market Committee reiterated its projection for a third rate hike this year and more increases in 2018 wh...

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