NZ dollar falls as stimulus hopes fade ahead of Jackson Hole summit

Thu, 30 Aug 2012

By Hannah Lynch Aug. 31 (BusinessDesk) - The New Zealand dollar fell as hopes fade the Federal Reserve will reveal fresh details of monetary stimulus and Spain delays asking for a bailout ahead of the central bank summit at Jackson Hole, Wyoming. The New Zealand dollar fell to 79.82 US cents, the lowest since July 25, from 80.13 cents yesterday. The kiwi decreased to 63.78 euro cents, the lowest since July 3, from 63.93 cents and the trade weighted index declined to 71.88 from 72.05. Equity markets on both sides of the Atlantic fell as hope...

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