NZ dollar slips as investors await Bernanke’s take on QE

Wed, 22 May 2013

By Paul McBeth May 22 (BusinessDesk) - The New Zealand dollar edged lower in the local session as investors hold off from making any decisions ahead of Federal Reserve chairman Ben Bernanke’s Congressional testimony, where he’s expected to give his view on whether the US central bank will start unwinding its quantitative easing programme. The kiwi slipped to 81.47 US cents at 5pm in Wellington from 81.60 cents at 8am, down from 81.82 cents yesterday. The trade-weighted index fell to 76.82 from 77.10 yesterday. Bernanke will testify in fron...

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