NZ dollar dips as US consumer credit drops, Greek aid back in focus

Mon, 10 Sep 2012

By Jonathan Underhill Sept. 11 (BusinessDesk) - The New Zealand dollar fell against most of its peers after an unexpected drop in US consumer credit and the Greek prime minister failed to win support from coalition partners on stiff budget cuts, weighing on stocks and sapping investors’ risk appetite. The kiwi dollar slipped to 80.83 US cents from 81.16 cents at 5pm yesterday. The trade-weighted index fell to 72.28 from 72.51. The Standard & Poor’s 500 Index was down about 0.6 percent heading into the close of trading after Federal Reserve f...

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