NZ dollar whippy after Fed minutes stay mum on interest rate outlook

Wed, 19 Nov 2014

By Tina Morrison Nov. 20 (BusinessDesk) - The New Zealand dollar was volatile following the release of the Federal Reserve minutes to its last meeting this morning, as the minutes failed to outline plans for likely interest rate hikes in the world's largest economy. In the hour following the publication of the minutes at 8am New Zealand time, the kiwi traded between 78.39 US cents 78.93 cents, from 78.71 cents immediately before the release and 78.70 cents at 5pm yesterday. Traders were scouring the minutes to the Fed's October meeting...

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