NZ dollar heads for 3.3 percent weekly fall as central banks talk, emerging markets slide

Fri, 23 Aug 2013

By Paul McBeth Aug. 23 (BusinessDesk) - The New Zealand dollar is heading for a 3.3 percent weekly fall after the Reserve Bank announced restrictions on low equity home loans, and central banks in Australia and the US kept investors dark on the trans-Tasman currencies. The kiwi traded at 78.30 US cents at 5pm in Wellington from 78.29 cents at 8am and 78.38 cents yesterday, having started the week at 80.97 cents. The trade-weighted index was 73.99 at 5pm from 74.05 yesterday, and is heading for a 2.6 percent weekly decline from 75.96 at the...

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