NZ dollar falls after weak Google earnings, mixed US data saps risk appetite

Thu, 18 Oct 2012

By Hannah Lynch Oct 19 (BusinessDesk) - The New Zealand dollar followed US stock markets lower after internet search engine Google missed profit estimates and mixed US data eroded investors' appetite for higher-yielding, or riskier, assets. The kiwi dollar fell to 81.84 US cents after the Google news from 82.02 cents immediately before the announcement and was down from 82.09 cents yesterday at 5pm. The trade-weighted index decreased to 72.84 from 72.93 yesterday. US corporate earnings continued to set the tone for investors with the Stand...

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