NZ dollar falls on expectations US central bank will reduce money supply

Sun, 12 May 2013

By Tina Morrison May 13 (BusinessDesk) - The New Zealand dollar fell after a report that the US Federal Reserve is planning to slow its policy of quantitative easing, increasing the attractiveness of US dollar assets. The kiwi fell to 82.74 US cents from 82.98 cents in late New York trading on Friday. The trade-weighted index fell to 77.45 from 77.56. The US dollar rose against other major currencies after the Wall Street Journal late Friday said the Federal Reserve is mapping out a quantitative easing tapering strategy, although the timing...

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