NZ dollar falls after US, German data beats estimates, allays fears of a meltdown

Tue, 14 Aug 2012

By Hannah Lynch Aug. 15 (BusinessDesk) - The New Zealand dollar shed almost half a US cent after better-than-expected data on both sides of the Atlantic pushed equities higher, easing speculation that global growth is dwindling. The New Zealand dollar traded at 80.48 US cents at 8am down from 80.96 cents at 5pm. The trade weighted index decreased to 72.50 from 72.85. Germany's DAX increased 0.9 percent, while Standard & Poor's 500 index climbed 0.1 percent after US retail sales rose 0.8 percent in July, the first increase in four months. T...

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