NZ dollar little changed, may face volatility ahead of Federal Reserve meeting

Sun, 28 Jul 2013

By Tina Morrison July 29 (BusinessDesk) – The New Zealand dollar is little changed ahead of a Federal Reserve meeting this week which is expected to signal the outlook for monetary stimulus in the world’s largest economy. The kiwi recently traded at 80.75 US cents, from 80.84 cents at the close of New York trading and 80.79 cents at the 5pm market close in Wellington on Friday. The trade-weighted index weakened to 75.97 from 76.03 on Friday. Federal Reserve chairman Ben Bernanke is expected to signal when the US central bank plans to start t...

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