Kiwi steady after Fed tapering slices 3.7 from currency

The New Zealand dollar was little changed in local trading, having shed 3.7 percent since Federal Reserve chairman Ben Bernanke indicated the central bank's massive stimulus programme will start unwinding this year if all stays well in the world's biggest economy. The kiwi traded at 77.47 US cents at 5pm in Wellington from 77.34 cents at 8am and 77.51 cents on Friday in New York. It ...