NZ dollar heads for 1.6 percent weekly fall

Fri, 22 Nov 2013

By Paul McBeth Nov. 22 (BusinessDesk) - The New Zealand dollar is heading for a 1.6 percent drop against the greenback this week as world markets drift in the absence of news on the US Federal Reserve’s intentions for its US$85 billion a month money-printing programme. The kiwi fell to 82.09 US cents at 5pm in Wellington from 83.41 cents at the start of the week, and from 81.83 US cents at 8am and 82.55 cents yesterday. The trade-weighted index was at 77.15 from 77.33 yesterday, and is heading for a 0.5 percent weekly decline from 77.54 at t...

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