NZ Dollar Flat as Traders Wait for Fed Minutes

The New Zealand dollar was trading flat during the current trading session as traders wait for monetary policy minutes from the Federal Reserve.

The New Zealand currency has been in a downtrend since mid-October. The kiwi together with other currencies was hurt by expectations of an interest rate hike from the Federal Reserve. Prospects for monetary easing from the Reserve Bank of New Zealand were also detrimental to the NZ dollar.

NZD/USD traded at 0.6475 as of 11:39 GMT today after opening at 0.6466. NZD/JPY was at about 79.90 after opening at 79.81.

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