NZ dollar falls vs. yen as pace of BOJ easing weighed, building consents loom

Tue, 08 Jan 2013

Jan. 9 (BusinessDesk) – The New Zealand dollar extended its decline from a four-year high against the yen as traders pondered the pace of monetary easing by the Bank of Japan that has weakened its currency against most trading peers. The New Zealand dollar dropped to 72.8 yen from 73.10 yen at 5pm in Wellington yesterday. The kiwi slipped to 83.49 US cents from 83.55 cents. The Bank of Japan will consider monetary easing this month and may double its inflation target to lift growth in the world’s third-biggest economy, Reuters reported, citi...

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