NZ dollar falls to two-week low as broad support seen for Bernanke’s tapering plans

Wed, 21 Aug 2013

By Tina Morrison Aug. 22 (BusinessDesk) – The New Zealand dollar fell to a two-week low after minutes of the Federal Reserve’s last meeting signalled the central bank may start tapering its bond buying programme next month, a move that would strengthen the greenback. The kiwi fell as low as 78.44 US cents, and was trading at 78.47 cents at 8am in Wellington, from 79.87 cents at the 5pm market close yesterday. The trade-weighted index slipped to 74.01 from 74.64 yesterday. The US dollar index, which measures the greenback against a basket of...

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