NZ higher against USD as markets await the US Federal Reserve

Wed, 19 Dec 2018

By Rebecca Howard Dec. 19 (BusinessDesk) - The New Zealand dollar was higher against the US dollar as investors expect the US Federal Reserve to lower the number of rate hikes it is expecting to carry out next year. The kiwi was at 68.64 US cents at 5pm in Wellington versus 68.48 US cents at 8am and late yesterday in Wellington. The trade-weighted index was at 74.92 from 74.86. The US Federal Reserve is widely expected to lift the federal funds rate tomorrow but there is a growing expectation it will pare back its track for rate hikes...

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