NZ dollar pares loss after RBNZ outlines risks to financial stability

Wed, 13 Nov 2013

By Paul McBeth Nov. 13 (BusinessDesk) - The New Zealand dollar pared losses earlier in the local trading session after investors digested the risks to the country’s financial system posed in the latest Reserve Bank’s financial stability report. The kiwi dropped as low as 81.66 US cents after the report’s release, and traded at 82.32 cents at 5pm in Wellington from 82.14 cents at 8am and 82.33 cents yesterday. The trade-weighted index was almost unchanged at 77.07 from 77.05 yesterday. Central bank governor Graeme Wheeler told policymakers...

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