NZ dollar extends decline as Fed minutes hint at quantitative easing exit; US jobs data looms

Fri, 04 Jan 2013

By Paul McBeth Jan. 4 (BusinessDesk) - The New Zealand dollar extended its decline in local trading as investors rethought their expectations for American interest rates after minutes from the Federal Reserve's last monetary policy review showed some members want to stop printing money as early as this year. The kiwi fell to 82.32 US cents at 5pm in Wellington from 82.89 cents at 8am and 83.21 cents yesterday. The trade-weighted index declined to 74.32 from 74.75 yesterday. Investors sold off equities around the globe after the Federal Ope...

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