NZ dollar falls as doubts about pace of global growth saps risk appetite

Sun, 21 Apr 2013

April 22 (BusinessDesk) – The New Zealand dollar fell against most of its trading peers amid concern the US and Chinese economies may be stumbling, weighing on growth assets such as equities, the kiwi and Australian dollars. The New Zealand dollar fell to 83.89 US cents from 84.19 cents in late New York trading on Friday. The trade-weighted index slipped to 77.65 from 77.91. US economic growth figures for the first quarter round out a data-heavy week, along with American durable goods orders and consumer confidence. Figures last week showed...

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