NZ dollar falls as stalled fiscal cliff talks sap risk appetite, weigh in stocks

Thu, 13 Dec 2012

Dec. 14 (BusinessDesk) – The New Zealand dollar fell from a nine-month high amid concerns politicians in Washington are making no progress in talks to avert the fiscal cliff, countering the impetus growth assets got from the Federal Reserve’s further quantitative easing and weighing on stocks. The kiwi dollar fell to 84.23 US cents from 84.40 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 75.25 from 75.33 yesterday, having earlier reached a five-year high 75.47. Hopes around the fiscal cliff – the US$600 billion of ta...

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