NZ dollar drops to six-day low as greenback strengthens on optimism about US economy, tapering

Wed, 08 Jan 2014

By Tina Morrison Jan. 9 (BusinessDesk) – The New Zealand dollar dropped to a six-day low in the face of a stronger greenback following a better-than-expected employment report and after confirmation in the Federal Reserve minutes of its last meeting that it plans to continue tapering. The kiwi slid as low as 82.47 US cents following the 8am release of the Fed minutes from its meeting last month. The local currency was at 82.86 cents immediately before the 8am release from 82.88 cents at 5pm yesterday. The US dollar index, which measures the...

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