NZ dollar tad weaker after Fed hikes, RBNZ stands pat

Thu, 27 Sep 2018

By Rebecca Howard Sept. 27 (BusinessDesk) - The New Zealand dollar is weaker after the US Federal Reserve lifted interest rates and the Reserve Bank of New Zealand kept them on hold, further widening the rate differential between the two countries. The kiwi traded at 66.54 US cents at 5pm in Wellington from 66.50 US cents at 8am and 66.70 cents yesterday. The trade-weighted index was at 72.02 from 72.22 yesterday. The currency initially got a lift after the Fed stripped out the word "accommodative" from its statement, leading markets...

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