'Wildcard' Wheeler limits kiwi's gains as Fed tipped to give 'hawkish' statement

Tue, 26 Apr 2016

By Jonathan Underhill April 27 (BusinessDesk) - The New Zealand dollar rose, with traders and economists divided on whether Reserve Bank governor Graeme Wheeler will cut interest rates tomorrow, a move that could weaken the kiwi in the face of a Federal Reserve that's expected to signal higher rates. The kiwi rose to 68.89 US cents as at 8am in Wellington from 68.57 cents late yesterday. The trade-weighted index was almost unchanged at 72.60 from 72.59. The Federal Open Market Committee's policy meeting is currently underway and offici...

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