NZ dollar slips from six-month high as traders take profits on QE3 rally

Mon, 17 Sep 2012

By Hannah Lynch Sept. 17 (BusinessDesk) - The New Zealand dollar fell from near a six-month high against the greenback as some traders took profits on a currency that jumped in the wake of the Federal Reserve's announcement of a third round of large-scale asset purchases. The New Zealand dollar traded as high as 82.97 US cents, and was at 82.74 cents at 5pm from 82.86 cents at 8am. The trade weighted index was little changed on 73.08 from 73.10. Risk assets such as the New Zealand dollar got a major boost last week after Fed Chairman Ben Be...

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