NZ dollar slips from 11-month high ahead of Fed policy review

Wed, 19 Mar 2014

By Paul McBeth March 19 (BusinessDesk) - The New Zealand dollar slipped from an 11-month high ahead of the Federal Reserve’s monetary policy review, the first where new chair Janet Yellen will take questions from the media. The kiwi fell to 86.05 US cents at 5pm in Wellington from 86.28 cents at 8am, though still up from 85.63 cents yesterday. The trade-weighted index rose to 80.19 from 79.87 yesterday. The Federal Open Market Committee is expected to keep interest rates near zero and trim monthly quantitative easing by a further US$10 bi...

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