NZ dollar falls as better US data failed to lift global hopes

Tue, 25 Sep 2012

By Hannah Lynch Sept. 26 (BusinessDesk) - The New Zealand dollar fell as better-than-expected US home prices and consumer confidence failed to lift optimism about global growth. Markets will be watching for Fonterra’s annual results and merchandise trade data today. The New Zealand dollar rallied as high as 82.77 US cents overnight, falling to 82.09 cents at 8am in Wellington, down from 82.29 cents yesterday at 5pm. The trade weighted index was little changed on 73.09 from 73.03. US consumer confidence rose to a seven-month high of 70.3 in S...

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