NZ dollar holds above 81 cents on Fed stimulus, European hopes

Sun, 26 Aug 2012

Aug. 27 (BusinessDesk) - The New Zealand dollar held above 81 US cents as traders look ahead to the week-end central bankers retreat in Jackson Hole, Wyoming, and await signs of commitment from European leaders for the European Central Bank’s bond buying plans. The kiwi dollar traded at i81.09 US cents, from 81.10 cents in late New York trading on Friday. The trade-weighted index was at 72.85 from 72.86. Federal Reserve chairman Ben Bernanke headlines the Jackson Hole retreat amid widespread speculation he will give further details of plans...

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