NZ dollar falls as strong US jobs report stokes talk of end of QE

Sun, 10 Mar 2013

March 11 (BusinessDesk) – The New Zealand dollar fell after stronger than expected US nonfarm payrolls stoked speculation the Federal Reserve may start to withdraw its stimulus programmes, helping lift demand for the greenback. The kiwi dollar fell to 81.94 US cents from 82.11 cents in late New York trading on Friday. It was as high as 82.86 cents before the US data on Friday. The trade-weighted index was at 75.73 from 75.80 in late New York trading and from 76.13 before the jobs report. The Dollar Index, which measures the greenback against...

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