NZ dollar falls as investors drawn to euro on optimism for fiscal cliff, Greek upgrade

Wed, 19 Dec 2012

By Paul McBeth Dec. 19 (BusinessDesk) - The New Zealand dollar fell below 84 US cents as investors flocked the euro and Swiss franc after Standard & Poor's upgraded its Greek credit rating and as optimism was stoked on the prospect US legislators will cut a deal on the fiscal cliff. The kiwi fell to 83.88 US cents at 5pm in Wellington from 84.15 cents at 8.30am and 84.42 cents yesterday. It dropped to 63.30 euro cents from 64.07 cents yesterday. The euro rose to seven-month high after rating agency S&P raised Greece's credit rating to B- f...

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