NZ dollar slips from week-high as Fed officials tip rate hike this year, Boehner flags exit

Sun, 27 Sep 2015

By Jonathan Underhill Sept. 28 (BusinessDesk) - The New Zealand dollar fell from its highest level in a week after two Federal Reserve officials followed chair Janet Yellen in expressing their preference for the start of interest rate hikes this year. The kiwi fell to 63.61 US cents as at 8:30am in Wellington from 63.84 cents in late New York trading on Friday. The trade-weighted index rose to 69.47 from 69.13. US Federal Reserve chair Janet Yellen said on Friday that she favoured a rate hike this year in a slow return to normality, an...

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