NZ dollar falls to 8-month low after Chinese manufacturing contracts, Bernanke says watch the data

Thu, 23 May 2013

By Paul McBeth May 23 (BusinessDesk) - The New Zealand dollar fell to an eight-month low after figures indicated Chinese manufacturing shrank this month and Federal Reserve chairman Ben Bernanke told politicians quantitative easing could be tapered off if the world’s biggest economy keeps getting better. The kiwi fell as low as 80.15 US cents, trading at 80.26 cents at 5pm in Wellington from 80.69 cents at 8am, tumbling from 81.47 cents yesterday. The trade-weighted index sank to 76.06 from 76.82. HSBC’s purchasing managers’ index showed a...

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