NZ dollar rises toward 84 US cts on prospect of more Fed easing

Wed, 12 Dec 2012

By Paul McBeth Dec. 12 (BusinessDesk) - The New Zealand dollar rose to a nine-month high as it looks to break 84 US cents with the US Federal Reserve set to review monetary policy amid expectations it will roll out the printing presses for a fourth time. The kiwi traded at 83.89 US cents at 5pm in Wellington from 83.83 cents at 8.30am and up 83.43 cents yesterday. The trade-weighted index advanced to 76.92 from 74.66 yesterday. Fed chairman Ben Bernanke is expected to announce interest rates will stay near zero at the end of the Federal Op...

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