NZD headed for 0.6% weekly gain against greenback

Fri, 22 Mar 2019

By Rebecca Howard March 22 (BusinessDesk) - The New Zealand dollar is headed for a 0.6 percent weekly gain after getting a lift from a more dovish US Federal Reserve and solid fourth-quarter domestic growth data. The kiwi traded at 68.86 US cents at 5pm in Wellington from 68.72 at 8am and 68.43 late in New York last Friday. The trade-weighted index was at 74.50 from 74.36. The kiwi got a lift when the Fed held interest rates steady at 2.25- 2.50 percent this week and signalled no further interest rate hikes this year. "The Fed was...

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