NZ dollar falls as Australian home lending declines

Mon, 11 Feb 2013

Feb. 11 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart lower after official figures showed home lending shrank across the Tasman in December, in another sign of a slowing economy for New Zealand's biggest trading partner. The kiwi fell to 83.38 US cents at 5pm in Wellington from 83.54 cents this morning and 83.49 cents on Friday in New York. The currency was almost unchanged at 80.91 Australian cents. The number of loans granted to build or buy a house in Australia fell 1.5 percent in December from a revised 0.7...

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