NZ dollar little changed after Fed starts modest tapering as NZ GDP looms

Wed, 18 Dec 2013

By Tina Morrison Dec. 19 (BusinessDesk) – The New Zealand dollar was little changed after the Federal Reserve decided to push the button on a long-awaited reduction of its monetary stimulus programme which has weakened the greenback. The kiwi was little changed at 82.47 US cents at 8:10am in Wellington, following the 8am statement, from 82.50 cents at 5pm yesterday. The trade-weighted index slipped to 77.69 from 77.78 yesterday. The Fed said it would reduce its 15-month-old asset purchase programme by US$10 billion to US$75 billion a month i...

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