NZ dollar falls vs. euro after Cyprus cobbles together bailout package

Mon, 25 Mar 2013

By Paul McBeth March 25 (BusinessDesk) - The New Zealand dollar fell against the euro after the Cypriot government stitched together a lifeline from the European Union and International Monetary Fund to keep the Mediterranean nation from defaulting and forcing the first euro-exit. The kiwi fell to 64.05 euro cents at 5pm in Wellington from 64.22 cents on Friday in New York. The local currency traded at 83.47 US cents at 5pm from 83.51 cents at 8am and 83.51 cents last week. The IMF, EU and European Central Bank have agreed to a plan granti...

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