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NZ dollar falls on expectations US central bank will reduce money supply

The New Zealand dollar fell after a report that the US Federal Reserve is planning to slow its policy of quantitative easing, increasing the attractiveness of US dollar assets. The kiwi fell to 82.74 US cents from 82.98 cents in late New York trading on Friday. The trade-weighted index fell to 77.45 from 77.56. The US dollar rose against other …

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World Week Ahead US retail sales, Europe, Japan GDP

The resiliency of Wall Street’s record run so far this calendar year has left investors comfortable that there is room to extend the gains. On Friday, the Standard & Poor’s 500 Index closed at a record 1,633.70, while the Dow Jones Industrial Average ended at a record 15,118.49. The Dow rose 1 percent, while the S&P 500 increased 1.2 percent …

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