NZ dollar little changed as traders weight local growth prospects, US stimulus

Sun, 16 Jun 2013

By Tina Morrison June 17 (BusinessDesk) – The New Zealand dollar was little changed as traders weigh growth prospects for the local economy with the possible tapering of stimulus in the US. The kiwi recently traded at 80.44 US cents, from 80.39 cents at the New York close and 80.56 cents at 5pm in Wellington Friday. The trade-weighted index edged lower to 74.47 from 76.72 in Wellington on Friday. Recent reports from the US have shown the world’s largest economy holding firmly to a path of cautious yet sustainable recovery. That has heightene...

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