NZ dollar falls as US election sows uncertainty in global markets, RBNZ's Wheeler mulls strong currency

Wed, 07 Nov 2012

By Paul McBeth Nov 7 (BusinessDesk) - The New Zealand dollar fell in local trading as a tight US Presidential race undermined investor confidence and after new Reserve Bank governor Graeme Wheeler said the currency was still too strong. The kiwi fell to 82.65 US cents at 5pm in Wellington from 82.84 cents at 8am and 82.61 cents yesterday. The trade-weighted index declined to 73.80 from 73.94. Incumbent President Barack Obama took the lead over Republican rival Mitt Romney in the electoral college vote, with 225-186 after trailing in early...

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