The New Zealand dollar slipped today on the speculation that the Federal Reserve wouldn’t continue the quantitative easing to support the US economy, decreasing the appeal of the riskier currencies.
Most analysts say that the Fed would refrain from buying of the government debt. The traders priced the in the expectations for the additional stimulus perhaps too fast and too much. The kiwi also fell as the speculators lowered their debts on the rates hike by the Federal Open Market Committee on its next meeting.
NZD/USD slid from 0.7310 to 0.7289 today as of 10:41 GMT, following the decline to the intraday low of 0.7258.
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