NZ dollar trades in narrow range, may be headed for volatility on Fed speakers, employment data

Fri, 03 Jan 2014

By Tina Morrison Jan. 3 (BusinessDesk) - The New Zealand dollar traded in a narrow range though it may be headed for some volatility as a raft of Federal Reserve speakers take to the airwaves this weekend ahead of next week’s release of the latest Fed minutes and the closely watched monthly US employment data. The kiwi was at 82.25 US cents at 5pm in Wellington from 81.99 cents at 8am and 82.21 cents at the start of the New Year. The Fed plans to reduce its bond-buying programme by US$10 billion to US$75 billion this month as it gains confi...

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