NZ dollar falls as widening Australian trade deficit saps appetite for trans-Tasman currencies

Wed, 03 Oct 2012

By Paul McBeth Oct. 3 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart lower as a widening trade deficit across the Tasman added to growing pessimism about the prospects for Australasia. The kiwi fell to 82.23 US cents at 5pm in Wellington from 82.62 cents at 8am and 82.80 cents yesterday. The trade-weighted index declined to 73.42 from 73.72. Australia's trade deficit widened to A$2.03 billion in August from a revised A$1.53 billion shortfall between exports and imports a month earlier, according to the Bureau o...

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