NZ dollar edges lower as US fiscal cliff talks become Christmas Grinch

Mon, 24 Dec 2012

Dec. 24 (BusinessDesk) - The New Zealand dollar edged lower in abbreviated local trading as stalled negotiations to stave off US$600 billion in tax hikes and Federal spending cuts erode investor optimism the day before the Christmas holidays. The kiwi fell to 82.15 US cents at 1.30pm in Wellington from 82.32 cents at 8.30am and 82.37 cents on Friday in New York. The trade-weighted index declined to 73.56 from 73.69 last week. Trading was light as New Zealand markets were open for a shortened session on Christmas Eve. Investors have pared b...

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