NZ dollar falls as Bernanke shifts focus to unemployment, coy on extra stimulus

Tue, 17 Jul 2012

By Hannah Lynch July 18 (BusinessDesk) - The New Zealand dollar fell after Federal Reserve Chairman Ben Bernanke told the US congress that the central bank is prepared to act to boost growth if the labour market doesn’t improve, without giving a clear signal on the timing of any extra stimulus. The New Zealand dollar fell as low as 79.27 US cents in Northern Hemisphere trading from 79.96 cents at 5pm in Wellington. It traded at 79.74 cents at 8am. The trade weighted index decreased to 72.26 from 72.40. The Fed's Bernanke told lawmakers redu...

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