NZ dollar little changed as delayed US data likely to form view on Fed tapering

Mon, 21 Oct 2013

By Paul McBeth Oct. 21 (BusinessDesk) - The New Zealand dollar was little changed in local trading ahead of a slew of US data this week, after the Federal government re-opened, which may provide clues to how long the Federal Reserve will put off slowing its asset purchase programme. The kiwi traded at 84.85 US cents at 5pm in Wellington from 84.81 cents at 8am and 84.60 cents on Friday in New York. The trade-weighted index edged up to 78.16 from 78 at the Wellington close on Friday. Investors are eyeing up risk-sensitive assets again afte...

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