NZ dollar falls with equities on view US to sail over fiscal cliff

Thu, 27 Dec 2012

Dec. 28 (BusinessDesk) – The New Zealand dollar fell as US stocks tumbled on concern America is running out of time to avert US$600 billion of tax hikes and spending cuts starting Jan. 1 that threaten to stall the world’s biggest economy. The kiwi dollar fell to 81.83 US cents from 81.89 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 73.46 from 73.53. The greenback rose and stocks on Wall Street fell, sending the Standard & Poor’s 500 Index down 1.1 percent, after Senate Majority Leader Harry Reid said an agreement be...

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