NZ dollar falls as retail sales point to weak economy in third quarter

Wed, 14 Nov 2012

Nov. 14 (BusinessDesk) – The New Zealand dollar fell against most of its trading peers after figures showed a drop in third-quarter retail sales, adding to weak employment numbers in suggesting the economy hit a pothole in the period. The kiwi dollar traded at 81.69 US cents from 81.88 cents at 8am in Wellington and from 81.66 cents in late trading the previous day. The trade-weighted index fell to 73.12 from 73.37 this morning. Government figures today showed the volume of retail sales fell 0.4 percent, seasonally adjusted, in the three mon...

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