NZ dollar falls as investors weary of Spain bailout talk, Aussie declines

Mon, 15 Oct 2012

By Paul McBeth Oct. 15 (BusinessDesk) - The New Zealand dollar fell in local trading as investors tire of Spain's dalliance with seeking a bailout, and as Australia's economy threatens to slow down. The kiwi fell to 81.43 US cents at 5pm in Wellington from 81.75 cents at 8am, down from 81.60 cents on Friday in New York. The trade-weighted index was little changed at 72.80 from 72.83 last week. Global markets have been waiting for Spain to formally request a bailout as it faces mounting fiscal deficits. It will be a major topic at a Europea...

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