NZ dollar extends slide on US budget impasse, view on local rates

Wed, 02 Oct 2013

Oct. 2 (BusinessDesk) – The New Zealand dollar extended its slide as the US government shutdown and looming debt ceiling deadline sapped investors’ risk appetite and demand for growth-linked currencies such as the kiwi. The local dollar fell to 82.24 US cents at 5pm in Wellington, from 82.66 US cents at the start of the day and 83.05 cents yesterday. The trade-weighted index dropped to 76.45 from 76.81 this morning and from 77.32 yesterday. The US was forced to shut down some US government services for the first time in 17 years after Republ...

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