NZ dollar slips from four-month high as investors prepare for Fed tapering

Wed, 18 Sep 2013

By Paul McBeth Sept. 18 (BusinessDesk) - The New Zealand dollar fell from a four-month high in local trading as investors ready themselves for a presumed start to the Federal Reserve’s tapering of its money printing programme. The kiwi was little changed at 82.27 US cents at 5pm in Wellington from 82.37 cents at 8am, and up from 81.66 cents yesterday. The trade-weighted index rose to 77.01 from 76.58 yesterday. Investors are expected Fed chairman Ben Bernanke to announce the first slowdown in the central bank’s US$85 billion monthly bond...

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