NZ dollar falls after Spain's PM says bailout not imminent

Tue, 02 Oct 2012

By Hannah Lynch Oct. 3 (BusinessDesk) - The New Zealand dollar fell along with equity markets after Spanish Prime Minister Mariano Rajoy said he has no immediate plans to request a bailout, quelling speculation that a request was near. The New Zealand dollar rose as high as 83.30 US cents overnight falling to 82.62 cents at 8am down from 82.80 cents yesterday at 5pm. The trade weighted index decreased to 73.64 from 73.72. Stocks fell on both sides of the Atlantic, with the Dow Jones Industrial index slipping 0.5 percent and France’s CAC 40...

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