NZ dollar still under pressure ahead of Federal Reserve statement

Wed, 02 May 2018

By Rebecca Howard May 2 (BusinessDesk) - The New Zealand dollar remained under pressure against the greenback as investors await the US Federal Reserve’s policy statement for any clues about future rate hikes. The kiwi dollar traded at 70.12 US cents as at 5pm in Wellington from 69.96 US cents as at 8am in Wellington from 70.35 cents late yesterday. The trade-weighted index was at 73.25 versus 73.20 late yesterday. The US Federal Reserve, which is currently holding a two-day meeting, is widely seen holding interest rates steady early T...

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