NZ dollar falls after RBNZ keeps rates on hold, Fed keeps slowing money printing

Thu, 30 Jan 2014

By Paul McBeth Jan. 30 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank kept interest rates unchanged, disappointing some traders hoping for a rise, and after the US Federal Reserve trimmed another US$10 billion from its monthly asset purchase programme, putting emerging markets under more scrutiny. The kiwi dropped to 81.76 US cents at 5pm in Wellington from 82.38 cents this morning and 82.81 cents yesterday. The trade-weighted index fell as low as 77.36, the lowest since Jan. 3, and was 77.42 at 5pm in Wellington from 7...

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