NZ dollar weakens as greenback buoyed by improving economy, Fed tapering

Thu, 26 Dec 2013

By Tina Morrison Dec. 27 (BusinessDesk) – The New Zealand dollar weakened as the greenback is supported by an improving outlook for the US economy. The kiwi slipped to 81.52 US cents at 8am from 81.62 cents at 5pm yesterday. The yield on US 10-year Treasuries is edging higher, to reach around 3 percent, near the two-year peak of 3.007 percent hit in September. US bond yields are rising as an improving economy prompts the Federal Reserve to pull back on its US$85 billion a month bond-buying programme next year, making dollar bonds more attra...

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