NZ dollar pare gains from QE4, Japanese election as RBA minutes loom

Mon, 17 Dec 2012

By Paul McBeth Dec. 17 (BusinessDesk) - The New Zealand dollar fell in local trading as investor optimism ran out of puff from the Federal Reserve's plan to print more money and the Bank of Japan looking likely to follow suit after the weekend's election. The kiwi fell to 84.34 US cents at 5pm in Wellington from 85.54 cents at 8am and 84.56 cents on Friday in New York. The trade weighted index was little changed at 75.26 from 75.31 last week. Investors' appetite for higher yields has dwindled at the start of this week, with stock markets f...

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