NZ dollar little changed as Fed tapering weighs; RBA minutes loom

Mon, 18 Nov 2013

By Paul McBeth Nov. 19 (BusinessDesk) - The New Zealand dollar was little changed in Northern Hemisphere trading after Federal Reserve official William Dudley said US growth is still a forecast rather than reality, weighing on investors’ expectations for when the Fed will start unwinding its stimulus programme. The kiwi traded at 83.57 US cents at 8am in Wellington from 83.50 cents at 5pm yesterday. The trade-weighted index was 77.97 from 77.91 yesterday. New York Fed president Dudley said in a speech that he’s optimistic about US growth...

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