Kiwi weakens in majors on Fed policy outlook

Source: Bloomberg
© RS
The New Zealand Dollar weakened against its 10 major counterparts since investors weigh whether the U.S. economy will be able to withstand tightening of the Fed monetary policy. New Zealand's currency dropped 0.3% to 85.35 U.S. cents as of 6:40 p.m. Sydney time after the 0.7% lost yesterday, the lowest level since February 18 and the Aussie fell 0.2% to 90.27 U.S. cents, after sliding 0.9 % yesterday.
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