NZ dollar falls on weak Chinese manufacturing, Fed tapering talk

Thu, 23 Jan 2014

By Paul McBeth Jan. 23 (BusinessDesk) - The New Zealand dollar fell as weaker than expected Chinese manufacturing data raised concerns about the world’s second biggest economy, and amid speculation the US Federal Reserve will further reduce its stimulus when it reviews policy next week. The kiwi fell to 82.74 US cents at 5pm in Wellington from 83.06 cents at 8am and 83.22 cents yesterday. The trade-weighted index declined to 78.61 from 78.86 yesterday. Chinese manufacturing activity shrank this month, according to the preliminary reading o...

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