NZ dollar drifts lower has slide in crude oil saps risk appetite

Sun, 14 Dec 2014

By Jonathan Underhill Dec. 15 (BusinessDesk) - The New Zealand dollar fell as the continued decline in crude oil prices stoked concern that global economic growth may be faltering, weighing on equity markets and sapping risk appetite. The kiwi fell to 77.61 US cents as at 8:30am in Wellington, from 77.70 cents in late New York trading on Friday and from 77.90 cents in Asia at the end of last week. The trade-weighted index was at 78.18, down from 78.28. West Texas Intermediate crude oil for January delivery fell to US$57.81 a barrel on...

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