NZ dollar holds near 2-week high after Chinese manufacturing figures; Fed looms

Wed, 01 May 2013

By Paul McBeth May 1 (BusinessDesk) - The New Zealand dollar held near a two-week high after Chinese manufacturing figures weren't as bad as investors may have feared, and ahead of the Federal Reserve's monetary policy where it's expected to hold firm on its low interest rates and money printing programme. The kiwi traded at 85.73 US cents at 5pm from 85.69 cents at 8am, and 85.63 cents yesterday. The trade-weighted index was at 78.65 from 78.77 yesterday. China's manufacturing purchasing managers' index slipped to 50.6 last month, staying...

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