NZ dollar falls as trans-Tasman policymakers talk down currencies; European data disappoints

Wed, 08 Aug 2012

By Paul McBeth Aug 08 (BusinessDesk) - The New Zealand dollar extended its decline in the local trading session after policymakers on both sides of the Tasman tried to talk down their respective currencies yesterday, and as weak European data snapped investors from their recent ebullience. The kiwi fell to 81.17 US cents at 5pm in Wellington from 81.46 cents at 8am and 82.02 cents yesterday. The trade-weighted index declined to 72.99 from 73.54 yesterday. Investors cashed in some of the recent gains in the kiwi and Australian dollars after N...

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