NZ dollar falls amid global growth concerns as US manufacturing shrinks, ECB looms

Tue, 04 Sep 2012

By Hannah Lynch Sept. 5 (BusinessDesk) - The New Zealand dollar fell after US manufacturing activity shrank, stoking concerns global growth has stalled and amid fears the European Central Bank isn't doing enough to contain the region’s debt crisis. The New Zealand dollar fell as low as 79.21 US cents overnight, the lowest since July 25, and traded at 79.36 cents at 8am, down from 79.74 cents yesterday. The kiwi held near a two-month low at 63.16 euro cents from 63.22 cents. US manufacturing figures showed activity shrank for a third straigh...

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