NZ dollar falls after BOJ stokes credit, nerves start creeping back into markets

Wed, 19 Feb 2014

By Paul McBeth Feb. 19 (BusinessDesk) - The New Zealand dollar after the Bank of Japan’s moves to fuel credit growth and as weak US data and the threat of emerging markets keep traders nervous about risk-sensitive assets. The kiwi traded at 82.98 US cents at 5pm in Wellington from 83.02 cents at 8am, down from 83.46 cents yesterday. The trade-weighted index declined to 77.83 from 78.26 yesterday. The trans-Tasman currencies weakened against the yen after the Bank of Japan yesterday boosted its lending programmes to stoke credit growth, pr...

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