RESEND: NZ dollar little changed ahead of FOMC as market sees June rate hike as a certainty

Sun, 21 May 2017

(Fixes British pence reference in final paragraph) By Jonathan Underhill May 22 (BusinessDesk) - The New Zealand dollar was little changed at the start of a quiet week for domestic economic data and the Federal Reserve's policy meeting is likely to be the main event ahead of an expected US rate hike next month. The kiwi dollar traded at 69.25 US cents as at 8am in Wellington, little changed from late New York trading on Friday. The trade-weighted index slipped to 76.99 from 77.05. St Louis Federal Reserve president James Bullard, re...

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