NZ dollar touches fresh three-year high as Fed minutes fail to signal interest rate rises

Wed, 09 Jul 2014

By Tina Morrison July 10 (BusinessDesk) - The New Zealand dollar touched a fresh three-year high and is edging closer to its a post-float record after some traders were disappointed the Federal Reserve's June meeting minutes didn't signal the potential for US interest rate hikes. The kiwi touched 88.29 US cents, its highest since August 2011 when it reached a post-float record of 88.40 cents. The local currency was trading at 88.20 US cents at 8am in Wellington, from 87.93 cents at 5pm yesterday. The trade-weighted index rose to 81.89 fro...

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