NZ dollar tests 66 US cents as traders pull back bets on US dollar's advance

Thu, 19 Nov 2015

By Tina Morrison Nov. 20 (BusinessDesk) - The New Zealand dollar rose, hovering just shy of 66 US cents, as investors pulled back their bets for the greenback's advance after minutes to the last Federal Reserve policy meeting reiterated that a US interest rate hike is likely next month. The kiwi touched 65.92 US cents, and was trading at 65.62 cents at 8am in Wellington, from 65.31 cents at 5pm yesterday. The trade-weighted index gained to 71.39 from 71.15 yesterday. Speculators favouring a rise in the US dollar pushed bets to their hi...

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