RESEND: NZ dollar gains as Fed keeps December hike alive, BoJ targets long-term rates, RBNZ looms

Wed, 21 Sep 2016

(Fixes OCR in third paragraph) By Paul McBeth Sept. 22 (BusinessDesk) - The New Zealand dollar rose after the US Federal Reserve held off raising interest rates while keeping alive the possibility of a hike later this year, the Bank of Japan changed its policy focus to longer-term rates, and ahead of this morning's Reserve Bank policy review. The kiwi gained to 73.56 US cents at 8am in Wellington from 72.85 cents yesterday. The trade-weighted index advanced to 78.09 from 77.79. The Federal Open Market Committee kept the federal fu...

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