NZ dollar falls as better US jobs data prompts speculation of early Fed tapering

Sun, 10 Nov 2013

By Tina Morrison Nov. 11 (BusinessDesk) – The New Zealand dollar declined after better US jobs data boosted speculation the Federal Reserve may pull back its monetary stimulus sooner than most investors expected. The kiwi dropped to 82.34 US cents at 8am in Wellington, from 82.40 cents at the New York market close and 83.27 cents at the market close in Wellington on Friday. It touched a week low of 82.24 cents early on Saturday. The trade-weighted index fell to 77.05 from 77.51 in Wellington on Friday. The US dollar index, which measures th...

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