NZ dollar little changed as investors weigh impact of reduction in Federal Reserve stimulus

NZ dollar little changed as investors weigh impact of reduction in Federal Reserve stimulus
By Tina Morrison June 25 (BusinessDesk) – The New Zealand dollar is little changed as investors weigh the impact of a possible reduction in the Federal Reserve’s monetary stimulus. The kiwi recently traded at 77.56 US cents, from 77.47 cents at 5pm in Wellington yesterday. The trade-weighted index slid to 73.08 from 73.21 yesterday. Traders are eyeing new data from the US for clues as to when the Federal Reserve will start tapering its US$85 billion a month bond-buying programme, following chairman Ben Bernanke’s comments on June 19 that it...