NZ dollar climbs above 83 US cents after Fed unveils QE3

Thu, 13 Sep 2012

By Hannah Lynch Sept 14 (BusinessDesk) - The New Zealand dollar climbed above 83 US cents for the first time since early March after the Federal Reserve said it will begin a third round of asset purchases in the world's largest economy to boost growth and reduce unemployment. The New Zealand dollar rose as high as 83.13 US cents, trading at 83 US cents at 8am up from 82.19 cents yesterday at 5pm. The trade weighted index increased to 73.35 from 72.86. At the end of a two-day policy meeting, Fed Chairman Ben Bernanke announced the central b...

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