NZ dollar falls as signs of faltering global growth erode risk appetite

Wed, 14 Nov 2012

Nov. 15 (BusinessDesk) – The New Zealand dollar fell as weaker economic figures in US and Europe weighed on equity markets and eroded investors’ appetite for riskier, or higher yielding assets. The kiwi dollar sank to 81.03 US cents from 81.67 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 72.68 from 73.11. The kiwi dollar added to its decline yesterday following weak retail sales after the euro zone's industrial production sank the most in more than three years in September and Greece's economy suffered a contraction...

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