NZ dollar falls before Fed, RBNZ as RBA sees weaker currency

Tue, 29 Oct 2013

Oct. 29 (BusinessDesk) – The New Zealand dollar fell, closing in on a key support level, ahead of the Federal Reserve’s two-day policy meeting and after the Reserve Bank of Australia said its currency may be “materially lower” in future. The kiwi fell to 82.67 US cents at 5pm from 83.03 cents at the start of the day and from 83.07 cents the previous day. The trade-weighted index fell to 76.22 from 76.37. The Federal Open Market Committee is expected to maintain its bond buying stimulus programme when it surfaces after a two-day meeting on We...

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