NZ dollar squeezes higher after Fed minutes hold no new clues on rate track

Thu, 19 Nov 2015

By Paul McBeth Nov. 19 (BusinessDesk) - The New Zealand dollar rose after minutes to the last Federal Reserve policy meeting showed an interest rate hike was still on the cards next month without offering more guidance, prompting some traders to cash in on their bets on the greenback. The kiwi gained to 65.31 US cents at 5pm in Wellington from 64.35 cents at 8am, and up from 64.65 cents yesterday. The trade-weighted index advanced to 71.15 from 70.77 yesterday. The US dollar index, a measure of the greenback against a basket of currenc...

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