NZ dollar trades in narrow range as investors weigh US tapering, budget negotiations

Wed, 25 Sep 2013

By Tina Morrison Sept. 26 (BusinessDesk) – The New Zealand dollar edged up in a tight range as investors weigh the likelihood of Federal Reserve tapering and the outcome of looming US budget negotiations. The kiwi advanced to 82.46 US cents at 8am in Wellington from 82.27 cents at the 5pm market close yesterday, having traded in a narrow range of 82.15 cents and 82.70 cents overnight. The trade-weighted index was little changed at 76.78 from 76.74 yesterday. Investors are evaluating when the Fed will start to pull back on its US$85 billion a...

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