NZ dollar declines in volatile trading as improving US data seen reducing stimulus

Mon, 17 Jun 2013

By Tina Morrison June 18 (BusinessDesk) – The New Zealand dollar declined in volatile trading as improving US economic data before this week’s Federal Reserve meeting spurred some investors to increase their bets that the central bank may start to reduce stimulus in the world’s largest economy. The kiwi slid to 79.90 US cents from 80.80 cents at 5pm yesterday. In the past 24 hours, the local currency has ranged from 79.62 US cents to 80.99 cents. The trade-weighted index slipped to 73.99 from 74.78 yesterday. Reports from the US showing man...

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