NZ dollar edges up as investors look for Fed to print more money

Mon, 10 Sep 2012

By Paul McBeth Sept. 10 (BusinessDesk) - The New Zealand dollar rose through the local trading session as investors get set for the US Federal Reserve to print more money when its reviews monetary policy later this week after weak jobs growth spurs it to action. The kiwi gained to 81.16 US cents at 5pm in Wellington from 81.03 cents at 8am and was little changed from 81.21 cents at the close of trading in New York last week. The trade-weighted index inched up to 72.51 from 72.40 last week. Traders are leaning towards an expectation Fed cha...

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