NZ dollar falls as resurgent Spain, Greek debt fears sap risk appetite

Tue, 24 Jul 2012

By Hannah Lynch July 25 (BusinessDesk) - The New Zealand dollar shed about half a US cent after Spain's borrowing costs rose and European officials said Greece had little hope of meeting the terms of its bailout, sapping risk appetite and demand for so-called growth assets. The New Zealand dollar fell to 78.59 US cents just before 8am from 79.18 cents at 5pm yesterday. The trade weighted index decreased to 71.55 from 71.90. Spain paid the second highest yield on short-term debt since the euro started at auction, with its 3 billion euros of...

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