NZ dollar heads for 0.7 percent weekly gain amid growing prospects for QE3

Fri, 24 Aug 2012

By Paul McBeth Aug. 24 (BusinessDesk) - The New Zealand dollar headed for a 0.6 percent weekly gain after minutes from this month's meeting of Federal Reserve policy makers stoked expectations for more asset purchases, even as global growth prospects took a dent with slower Chinese manufacturing. The kiwi dollar was little changed at 81.25 US cents at 5pm in Wellington from 81.28 cents at 8am and down from 81.67 cents yesterday. The trade-weighted index fell to 72.86 from 73.15 as it inched lower on the week. Investors took heart from the...

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