NZ dollar slips this week as Fed keeps holding fire

Fri, 01 Nov 2013

By Paul McBeth Nov. 1 (BusinessDesk) - The New Zealand dollar edged lower this week after the Federal Reserve kept its money printing programme intact, while the local Reserve Bank warned any future rate hikes may be delayed next year by sustained strength in the currency. The kiwi traded at 82.64 US cents at 5pm in Wellington from 82.78 cents at the start of the week, and was little changed from 82.62 cents at 8am and 82.49 cents yesterday. The trade-weighted index rose to 76.63 from 76.33 yesterday, a little stronger from last week’s close...

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