NZ dollar falls as investors bet delay to Fed tapering is already priced in

Tue, 29 Oct 2013

By Tina Morrison Oct. 30 (BusinessDesk) – The New Zealand dollar fell as investors bet expectations for the Federal Reserve to delay tapering its monetary stimulus programme until March next year had already been priced into the markets. The kiwi slipped to 82.49 US cents at 8am in Wellington, from 82.64 cents at the 5pm market close yesterday. The trade-weighted index was little changed at 76.25 from 76.20 yesterday. The US dollar index, which measures the greenback against a basket of currencies, rose as investors bet markets had priced i...

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