NZ dollar falls almost 1 US cent as markets await details of EU summit

Thu, 28 Jun 2012

By Hannah Lynch June 29 (BusinessDesk) - The New Zealand dollar fell almost one cent against the greenback as markets await details from the European Union summit in Brussels, which is expected to provide fresh clues of how leaders plan to address the region's growing debt crisis. The New Zealand dollar fell to 78.72 US cents just before 8am from 79.49 cents yesterday at 5pm. The trade weighted index decreased to 71.61 from 72.05. The two-day summit is focused on helping Spain and Italy whose borrowing costs continued to soar, with leaders...

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