NZ dollar falls as threat of hung Italian Parliament erodes investor confidence

Tue, 26 Feb 2013

By Paul McBeth Feb. 26 (BusinessDesk) - The New Zealand dollar fell as the threat of a hung Italian Parliament eroded investor confidence, and reignited fears Europe may be in for another sovereign debt scare. The kiwi fell to 83.40 US cents at 5pm in Wellington from 83.62 cents at 8am, and 83.63 cents yesterday. It rose to 63.82 euro cents from 63.41 cents yesterday. Uncertainty over the outcome of the first Italian election since the 2008 global financial crisis spooked investors, and prompted stocks across Asia to fall. Japan's Nikkei 2...

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