NZ dollar dips as Sandy nears New York, Bank of Japan looms

NZ dollar dips as Sandy nears New York, Bank of Japan looms
Oct. 30 (BusinessDesk) – The New Zealand dollar fell as Hurricane Sandy nears New York, shuttering the New York Stock Exchange and eroding risk appetite, and as the Bank of Japan’s review of monetary policy looms. The kiwi dollar fell to 81.88 US cents from 82.13 cents at 5pm in Wellington yesterday. The trade-weighted index slipped to 73.20 from 73.31. Warnings are in force along the US east coast as Sandy nears land and connects with cold fronts from the north. Meantime, weak Spanish retail sales weighed on the euro. The Bank of Japan is e...