NZ dollar at 20-month high amid Fed dissent over stimulus

Wed, 10 Apr 2013

By Paul McBeth April 11 (BusinessDesk) - The New Zealand dollar climbed to a 20-month high against the greenback as equity markets rallied amid an early release of minutes to the last Federal Reserve policy meeting showing disagreement over the central bank's massive stimulus programme. The kiwi gained to 85.74 US cents at 8am in Wellington from 85.24 cents yesterday, and the trade-weighted index extended its advance to 78.87 from 78.36. Minutes from the March Federal Open Market Committee meeting were accidently released early in Washingt...

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