NZ dollar weakens on optimism about US economic revival; RBNZ stability report looms

Tue, 12 Nov 2013

By Tina Morrison Nov. 13 (BusinessDesk) – The New Zealand dollar weakened as investors bet better jobs figures in the US point to a revival in the world’s largest economy which could see the Federal Reserve taper its monetary stimulus programme as early as December. The kiwi declined to 82.14 US cents, from 82.33 cents at the 5pm market close yesterday. The trade-weighted index slipped to 76.94 from 77.05 yesterday. Investors are mulling the prospects of the Fed reducing its US$85 billion a month bond buying programme this year rather than n...

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