NZ dollar pares loss as US election raises questions for Fed

Mon, 08 Oct 2012

By Paul McBeth Oct. 8 (BusinessDesk) - The New Zealand dollar pared its loss from Friday when strong US jobs figures stoked demand for the greenback, with the possibility of a new US President raising question marks over the US Federal Reserve's monetary policy under a new administration. The kiwi rose to 81.77 US cents at 5pm in Wellington from 81.60 cents at 8am and almost unchanged from 81.76 cents on Friday in New York. The trade-weighted index edged up to 73.06 from 72.89 last week. Risk-sensitive currencies, such as the kiwi, sank on...

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