NZ dollar falls as Fed minutes point to tapering; RBNZ loan limits cool rate expectations

Thu, 22 Aug 2013

By Paul McBeth Aug. 22 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve’s minutes to its latest policy meeting showed broad support for unwinding monetary stimulus, and proposed limits on property lending help cool rate hike expectations. The kiwi fell to 78.37 US cents at 5pm in Wellington from 78.47 cents at 8am and 79.87 cents yesterday. The trade-weighted index dropped to 74.05 from 74.64. Minutes to the Federal Open Market Committee July meeting showed broad support for the central bank’s plan to start slowing t...

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