NZ dollar slips from 4-month high as investors mull later start to Fed tapering, better US data

Thu, 19 Sep 2013

By Tina Morrison Sept 20 (BusinessDesk) – The New Zealand dollar slipped from a four-month high as traders mulled a later start to Federal Reserve tapering of monetary stimulus and as the greenback clawed back some ground following better economic data yesterday. The kiwi rose as high as 84.35 US cents overnight, and was trading at 83.74 cents at 8am in Wellington, from 83.88 cents at the 5pm market close yesterday. The trade-weighted index edged up to 77.97 from 77.86 yesterday. The greenback recovered some ground following yesterday’s slu...

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