NZ dollar slips as markets await Bernanke testimony

Wed, 17 Jul 2013

By Paul McBeth July 17 (BusinessDesk) - The New Zealand dollar slipped in local trading as investors await US Federal Reserve chairman Ben Bernanke’s Congressional testimony, where they’ll look for any hints on the central bank unwinding its asset purchase programme. The kiwi traded at 78.70 US cents at 5pm in Wellington from 78.97 cents at 8am and 78.28 cents yesterday. The trade-weighted index edged up to 74.50 from 74.35 yesterday. Bernanke kicks off a two-day testimony to the House of Representatives in Washington on Wednesday, and tr...

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