NZ dollar slips from three-week high as Fed officials seek hike this year

Sun, 20 Sep 2015

By Jonathan Underhill Sept. 21 (BusinessDesk) - The New Zealand dollar fell from a three-week high reached in New York trading after US Federal Reserve officials said they expected to raise interest rates this year after the Fed kept rates near zero last week. The kiwi traded at 63.95 US cents as at 8am, having reached as high as 64.55 cents in New York, from 63.93 cents at the close of trading last week. The trade-weighted index was little changed at 68.91 from 69.03. John Williams, president of the Federal Reserve Bank of San Francis...

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