NZ dollar slips amid speculation Fed will further trim asset purchases next week

Wed, 22 Jan 2014

By Paul McBeth Jan. 23 (BusinessDesk) - The New Zealand dollar fell against the greenback amid speculation the Federal Reserve will further trim its bond buying programme when it reviews policy next week. The kiwi fell to 83.06 US cents at 8am in Wellington from 83.22 cents yesterday. The trade-weighted index was little changed at 78.81 from 78.86. The Dollar Index, a measure of the greenback against a basket of currencies, rose as markets latched on to a Wall Street Journal report by Fed watcher Jon Hilsenrath predicting the US central b...

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