NZ dollar falls more than half a US cent on Spain banking concerns, Greek opinion polls

Wed, 30 May 2012

By Hannah Lynch May 31 (BusinessDesk) - The New Zealand dollar fell more than half a US cent amid concerns over how Spain will shore up its banking sector and an opinion poll showed growing support for Greece's anti-bail-out party, sapping demand for growth-linked currencies like the kiwi. The New Zealand dollar fell to 75.40 US cents just before 8am from 76.03 cents yesterday at 5pm. The trade weighted index decreased to 69.14 from 69.48. Investors' concerns are mounting about how the Spanish government plans to recapitalise its banking se...

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