NZ dollar edges up in volatile trading after Bernanke says stimulus dependent on economic data

Wed, 17 Jul 2013

By Tina Morrison July 18 (BusinessDesk) – The New Zealand dollar edged up in volatile trading after Federal Reserve chairman Ben Bernanke emphasised the central bank’s asset purchase programme could be reduced more quickly or expanded depending on economic conditions. The kiwi traded at 79 US cents from 78.70 cents at the 5pm market close in Wellington yesterday. The local currency traded between 78.39 US cents and 79.39 cents overnight as investors mulled Bernanke’s comments for clues to when the central bank may unwind its quantitative eas...

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