NZ dollar gains in anticipation of Fed's QE3, RBNZ pushes out timeline for rate hikes

Thu, 13 Sep 2012

By Paul McBeth Sept. 13 (BusinessDesk) - The New Zealand dollar rose in local trading in anticipation the Federal Reserve will start printing more money to spur the US economic recovery, and after the Reserve Bank of New Zealand pushed out its path towards higher interest rates. The kiwi rose to 82.19 US cents at 5pm in Wellington from 81.94 cents at 8am and 82.01 cents yesterday. The trade-weighted index was little changed at 72.86 from 72.85 yesterday. Traders expect Fed chairman Ben Bernanke to announce a third round of asset purchases...

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