NZ dollar little changed as patchy US data keeps QE3 on the table

Thu, 16 Aug 2012

By Paul McBeth Aug. 16 (BusinessDesk) - The New Zealand dollar was little changed as ‘patchy’ US data keeps markets prepped for the Federal Reserve to print more money, helping boost equities across the Asia Pacific. The kiwi traded at 80.59 US cents at 5pm in Wellington from 80.68 cents at 8.30am and 80.51 cents yesterday. The trade-weighted index rose to 72.81 from 72.56 yesterday. Stocks across Asia followed Wall Street higher after weak US manufacturing and zero inflation last month kept traders betting the Fed will unveil its third ro...

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