NZ dollar falls as speculation for Spanish bailout mounts, Australian economy stumbles

Wed, 26 Sep 2012

By Paul McBeth Sept. 26 (BusinessDesk) - The New Zealand dollar fell as investors' appetite for higher-yields was sapped amid growing speculation Spain will formally ask for a rescue package, and as Australia's economy comes under pressure with high-profile corporate failures. The kiwi fell to 81.94 US cents at 5pm in Wellington from 82.09 cents at 8am and 82.29 cents yesterday. The trade-weighted index decreased to 72.94 from 73.03. Stocks across Asia fell amid heightened fears among investors that Spain may formally seek a bail-out after...

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