NZ dollar falls to 2 12-month low vs euro after EU hints at Spanish rescue

Tue, 28 Aug 2012

By Hannah Lynch Aug. 29 (BusinessDesk) - The New Zealand dollar fell to a two and a half month low against the euro after European Union President Herman Van Rompuy said the region’s rescue fund is ready for rapid action to aid Spanish banks. The New Zealand dollar fell to 63.99 euro cents at 8am, the lowest since July 6, from 64.66 cents yesterday. The kiwi declined to 80.45 US cents from 80.71 cents and the trade weighted index decreased to 72.21 from 72.64. Europe's shared currency advanced against the kiwi after Van Rompuy said the regi...

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