NZ dollar slips in lead up to Federal policy review as investors poised for rate hike

Wed, 16 Dec 2015

By Paul McBeth Dec. 16 (BusinessDesk) - The New Zealand dollar fell in the lead-up to the Federal Reserve's policy meeting which is expected to deliver its first interest rate rise in almost a decade. The kiwi traded at 67.66 US cents at 5pm in Wellington from 67.56 cents at 8am, down from 67.88 cents yesterday. The trade-weighted index fell to 73.55 from 73.77 yesterday. Traders are preparing for tomorrow's Federal Open Market Committee announcement which is set to end the bank's near-zero policy which has been in place for seven y...

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