NZ dollar little changed after Bernanke says tapering not ‘preset’

Thu, 18 Jul 2013

By Paul McBeth July 18 (BusinessDesk) - The New Zealand dollar was little changed in the local trading session after US Federal Reserve chairman Ben Bernanke said any wind-down in the central bank’s money printing programme isn’t a done deal, and will rely on economic data. The kiwi slipped to 78.61 US cents at 5pm in Wellington from 78.95 cents at 8am, and little changed from 78.70 cents yesterday. The trade-weighted index edged up to 74.65 from 74.50. Bernanke, in the first day of a two-day testimony to the House of Representatives in Wa...

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