NZ dollar slips in tussle between NZ economy, Fed rates outlook

Mon, 20 Feb 2017

By Rebecca Howard Feb. 20 (BusinessDesk) - The New Zealand dollar fell in subdued trading as traders looked ahead to the GlobalDairyTrade auction this week and the release of minutes of the latest Federal Reserve meeting. The kiwi traded at 71.75 US cents as at 5 pm in Wellington versus 71.84 US cents this morning and little changed from late New York trading on Friday. The trade-weighted index was at 78.15 from 78.35 in New York Friday. "It's a fairly directionless market so far," said Sheldon Slabbert, a sales trader at CMC Markets i...

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