NZ dollar falls as investors consider impact of Fed's easing programme

Mon, 17 Sep 2012

By Hannah Lynch Sept. 18 (BusinessDesk) - The New Zealand dollar fell against the greenback as investors pause to consider the impact of the Federal Reserve's latest quantitative easing programme, pushing stock markets and other risk-sensitive assets lower. The kiwi dollar declined to 82.57 US cents at 8am from 82.74 US cents at 5pm yesterday. The trade weighted index was little changed at 73.02 from 73.08. Equity markets on both sides of the Atlantic extended this week's decline with Wall Street's Standard & Poor's 500 Index falling 0.5 pe...

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