NZ dollar falls as Fed stimulus expectations wane on better US data, euro optimism

Sun, 19 Aug 2012

By Hannah Lynch Aug. 20 (BusinessDesk) - The New Zealand dollar fell after signs of life in the US economy sapped expectations for more monetary stimulus and as investors struggled to decipher clues about Europe's plans to tackle its debt-crisis. The New Zealand dollar fell to 80.65 US cents at 8am from 80.72 cents at the close of trading in New York on Friday and 80.91 from 5pm on Friday. The kiwi decreased to 65.31 euro cents from 65.35 cents at the close of New York trading and 65.55 cents on Friday. The trade weighted index declined to 7...

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