NZ dollar falls as EU agree to spur growth

Mon, 25 Jun 2012

By Hannah Lynch June 25 (BusinessDesk) - The New Zealand dollar fell amid concern the debt-crisis is spreading as European leaders continue to increase the region's borrowing costs, agreeing to a 130 billion euro growth plan. The New Zealand dollar traded at 78.76 US cents at 5pm down from 78.90 cents just before 8am. The trade weighted index decreased to 71.60 from 71.80. German Chancellor Angela Merkel, Italian Prime Minister Mario Monti, French President Francois Hollande and Spanish Prime Minister Mariano Rajoy agreed to lobby for a Eu...

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