NZ dollar heads for 1 percent weekly fall as US economy eyed after Fed kyboshes tapering for now

Fri, 27 Sep 2013

By Paul McBeth Sept. 27 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent weekly decline as investors stay glued to US economic data after the Federal Reserve put plans to taper its monetary stimulus programme on hold. The kiwi traded at 82.90 US cents at 5pm in Wellington from 83.71 cents at the Monday open. It was up from 82.75 cents at 8am and 82.52 cents yesterday. The trade-weighted index rose to 77.30 from 76.89 yesterday, and is heading for a 0.8 percent decline from 77.90 at the start of the week. A BusinessDesk su...

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