NZ dollar falls ahead of GDP report as global risk sentiment wanes

Wed, 19 Dec 2012

Dec. 20 (BusinessDesk) – The New Zealand dollar fell as global risk sentiment abated and ahead of figures expected to show the economy slowed in the third quarter. The kiwi dollar fell to 83.62 US cents from 83.91 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 74.56 from 74.75. Gross domestic product probably rose 0.4 percent in the three months ended Sept. 30, from a 0.6 percent pace in the second quarter, according to a Reuters survey of 13 economists. Forecasts ranged from zero growth to 0.7 percent. Shares weakene...

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