NZ dollar spikes higher on US dollar weakness after dovish Fed minutes

Wed, 18 Feb 2015

By Tina Morrison Feb. 19 (BusinessDesk) - The New Zealand dollar rose, touching a fresh record against the Aussie dollar, after minutes of the Federal Reserve's last meeting suggested officials may favour keeping US interest rates lower for longer. The kiwi jumped to 75.52 US cents at 8:30am in Wellington, from 75.17 cents ahead of the 8am release of the minutes, and 75.36 cents at 5pm yesterday. The local currency touched a fresh post-float high of 96.85 Australian cents following the minutes, and was trading at 96.47 cents at 8:30am fr...

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