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

Mon, 24 Jun 2013

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...

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