The New Zealand dollar finished a touch firmer yesterday, seeing good two-way trade within a narrow range as it consolidated after hitting four-month highs overnight. The kiwi closed at 42.97USc.
The US Fed is expected to leave interest rates unchanged with an easing bias or even a small quarter percentage point drop. An easing would bolster the kiwi as the US dollar sold off. But the Fed is not expected to move markets much this time.
Overnight Monday, the kiwi hit its highest point since the end of August, at 43.30USc. Against the aussie it soared to 80Ac, but slid back to 79.30c by the close.
- NZPA
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