NZ dollar holds value after Federal Reserve officials reassure markets about stimulus

Thu, 27 Jun 2013

By Tina Morrison June 28 (BusinessDesk) – The New Zealand dollar held its value after Federal Reserve officials assured markets about the withdrawal of economic stimulus. The kiwi slipped to 77.98 cents from 78.19 cents at the 5pm market close in Wellington yesterday. The trade-weighted index weakened to 73.69 from 73.75 yesterday. Federal Reserve officials yesterday stepped up their campaign to clarify comments by chairman Ben Bernanke about reducing stimulus that have caused volatility in global financial markets. Officials including Feder...

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