NZ dollar falls as markets prepare for slower Chinese growth

Thu, 12 Jul 2012

By Hannah Lynch July 13 (BusinessDesk) - The New Zealand dollar fell ahead of today's Chinese gross domestic product figures, which will likely show growth in the world's second-biggest economy slowed in the second quarter, and sapping demand for assets linked to China's economy. The New Zealand dollar fell to 79.01 US cents at 8am from 79.31 cents at 5pm yesterday. The trade weighted index decreased to 72.08 from 72.21. The kiwi is likely to finish the week lower after the world's second-biggest economy, China probably grew 7.7 percent in...

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