NZ dollar falls as Fed minutes show desire to end QE this year

Thu, 03 Jan 2013

Jan. 4 (BusinessDesk) – The New Zealand dollar fell below 83 US cents after minutes of the US Federal Reserve’s last policy meeting showed several members favoured an end to quantitative easing this year, earlier than the Fed’s stated timeline of 2015. The kiwi dollar dropped to 82.89 US cents from 83.21 cents at 5pm in Wellington yesterday. The trade-weighted index was at 74.71 from 74.75. The greenback strengthened against the euro and US stocks fell after the minutes of the Federal Open Market Committee meeting in December, which confirme...

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