NZ dollar slips as investors look to Fed; RBNZ rate review looms

Mon, 09 Sep 2013

By Paul McBeth Sept. 9 (BusinessDesk) - The New Zealand dollar edged lower as weaker-than-anticipated US jobs figures on Friday pared expectations for an aggressive withdrawal of stimulus by the Federal Reserve, and as traders prepare for the local central bank to review rates on Thursday. The kiwi slipped to 79.78 US cents at 5pm in Wellington from 80.09 cents at 8am, and 79.96 cents on Friday in New York. The trade-weighted index decreased to 75.40 from 75.51 on Friday in New York. Investors have watered down their expectations of a sha...

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