NZ dollar rises as investors unwind bets on Federal Reserve tapering monetary stimulus

Thu, 08 Aug 2013

By Tina Morrison Aug 9 (BusinessDesk) – The New Zealand dollar rose to its highest in almost two weeks as investors unwound bets the greenback would advance amid uncertainty about when the Federal Reserve will begin tapering monetary stimulus. The kiwi jumped to 80.17 US cents at 8am in Wellington, after earlier touching 80.46 cents, from 79.60 cents yesterday. The trade-weighted index increased to 75.27 from 74.90 yesterday. The US dollar index, which measures the greenback against a basket of currencies, fell to its lowest in almost two mo...

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