NZ dollar falls as economic growth misses estimates, fiscal cliff talks drag

Thu, 20 Dec 2012

By Paul McBeth Dec. 20 (BusinessDesk) - The New Zealand dollar fell after figures showed the economy grew less than expected in the third quarter, while US policymakers appear bogged near the finish line on talks to avert US$600 billion of automatic tax hikes and spending cuts. The kiwi fell to 83.26 US cents at 5pm in Wellington from 83.62 cents at 8.30am and 83.91 cents yesterday. The trade-weighted index fell to 74.47 from 74.75 yesterday. New Zealand's gross domestic product grew 0.2 percent in the three months ended Sept. 30, half the...

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