NZ dollar extends slide as equity markets weaken, euro zone economy shrinks

Thu, 15 Nov 2012

Nov. 16 (BusinessDesk) - The New Zealand dollar weakened against the greenback as global equity markets extended their slide and data showed the euro zone economy continues to shrink, eroding the appeal of growth linked assets such as the kiwi. The New Zealand dollar fell to 80.92 US cents from 81.22 cents at 5pm in Wellington yesterday. The trade-weighted index slipped to 72.75 from 72.88. Stocks fell on Wall Street after Wal-Mart gave guidance that disappointed investors. The Dow Jones Industrial Average was down 0.3 percent and key benchm...

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