NZ dollar little changed after Fed tapering slices 3.7 percent from currency

Mon, 24 Jun 2013

By Paul McBeth June 24 (BusinessDesk) - The New Zealand dollar was little changed in local trading having shed 3.7 percent since Federal Reserve chairman Ben Bernanke indicated the central bank’s massive stimulus programme will start unwinding this year if all stays well in the world’s biggest economy. The kiwi traded at 77.47 US cents at 5pm in Wellington from 77.34 cents at 8am and 77.51 cents on Friday in New York. It was at 80.45 cents just before the Fed announcement on Wednesday in Washington. The trade-weighted index was 73.21 from 73...

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