NZ dollar weakens after Fed minutes show some officials favour rate rises in 2014

Wed, 19 Feb 2014

By Tina Morrison Feb. 20 (BusinessDesk) – The New Zealand dollar weakened after the Federal Reserve minutes of its January meeting showed some officials raised the possibility of rate rises “relatively soon”. The kiwi slipped to 82.95 US cents at 8:10am in Wellington from 83.02 cents immediately before the 8am release of the minutes and 82.99 cents at 5pm yesterday. The trade-weighted index was unchanged from yesterday at 77.83. The US dollar strengthened, pushing the kiwi lower, after the minutes which traders considered were positive on gr...

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