NZ dollar falls as Cyprus rejects bank tax, local data and Fed loom

Tue, 19 Mar 2013

March 20 (BusinessDesk) – The New Zealand dollar fell against the greenback and gained against the euro after the Cyprus parliament rejected a bank tax proposed as part of a European Union bailout, leaving the rescue plan in disarray and denting risk sentiment. The kiwi dollar fell to 82.33 US cents from 82.53 cents at 5pm in Wellington yesterday. The local currency gained to 63.96 euro cents from 63.70 cents. Cyprus rejected the EU’s conditions in the face of anger among its citizens at the prospect their bank deposits would be raided, leav...

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