NZ dollar falls to 2-month low as Australian data knobbles nervy investors

Mon, 04 Mar 2013

By Paul McBeth March 4 (BusinessDesk) - The New Zealand dollar fell to a two-month low as weaker-than-expected Australian data sapped already strained investors' appetite for higher yields, with Italy's election keeping people uncertain about Europe's future and the US Federal government preparing to impose dramatic budget cuts. The kiwi fell as low as 82.08 US cents, its lowest level this year, and traded at 82.10 cents at 5pm in Wellington from 82.29 cents at 8am and 82.48 cents at the close of trading in New York last week. The trade-weig...

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