NZ dollar treads water ahead of FOMC statement

Tue, 19 Mar 2019

By Jenny Ruth March 19 (BusinessDesk) - The New Zealand dollar was little changed with most investors taking to the sidelines ahead of the Federal Reserve’s Open Market Committee decision due 7am Thursday, New Zealand time. The kiwi was trading at 68.57 US cents at 5pm in Wellington from 68.49 at 8am. The trade-weighted index was at 74.24 from 74.18. “The world is waiting for the FOMC – the two-day meeting that starts tonight,” says Peter Cavanaugh, the senior client advisor at Bancorp Treasury Services. The market will be wanting t...

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