NZ dollar claws back some of RBNZ-induced slide, falls vs. pound

Thu, 14 Mar 2013

March 15 (BusinessDesk) – The New Zealand dollar clawed back some of yesterday’s central bank-induced slide ahead of manufacturing data today while falling against the pound as some traders deemed Britain’s currency oversold. The kiwi dollar rose to 82.12 US cents from 81.78 cents at 5pm in Wellington yesterday. It was as high as 82.61 cents before the central bank’s monetary policy statement yesterday, which included a warning interest rates may have to be cut if the kiwi keeps gaining. It fell to 54.44 British pence from 54.72 pence. The B...

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