NZ dollar edges lower as Sandy keeps markets ducking for cover

Tue, 30 Oct 2012

By Paul McBeth Oct. 30 (BusinessDesk) - The New Zealand dollar edged lower as Hurricane Sandy hit New York City and left traders stranded on the sidelines, eroding bets on riskier, or higher-yielding, assets. The kiwi crept up to 82.01 US cents at 5pm in Wellington from 81.88 cents this morning, and was down from 82.13 cents yesterday. The trade-weighted index was almost unchanged at 79.30 from 73.31 yesterday. The North American storm shuttered the New York Stock Exchange as it lashed the main commerce hub in the US, leading to light trad...

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