NZ dollar little changed as Fed tapering gloom persists

Thu, 26 Sep 2013

By Paul McBeth Sept. 26 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors continue to deal with the gloomy sentiment hanging from the Federal Reserve’s decision not to slow asset purchases last week. The kiwi traded at 82.52 US cents at 5pm in Wellington from 82.46 cents at 8am and up from 82.27 cents yesterday. The trade-weighted index was 76.88 from 76.74 yesterday. Traders are in a holding pattern after the US central bank decided against tapering its US$85 billion monthly bond-buying programme, w...

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