Business

NZD slides as Fed bets on December hike

The kiwi declined as the US Federal Reserve underpinned bets it will raise interest rates next month at a time when the Reserve Bank flagged New Zealand rates are likely to remain steady. 

After a two-day meeting in Washington, the US Federal Open Market Committee held its target range for the federal funds rate steady at 2 to 2-1/4 percent.

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