NZ dollar heads for 1.9 percent weekly fall as Republicans call off vote on fiscal cliff

Fri, 21 Dec 2012

By Paul McBeth Dec. 21 (BusinessDesk) - The New Zealand dollar fell, and is headed for a 1.9 percent weekly decline, after US Republicans called off a vote on a plan to avert the fiscal cliff of US$600 billion tax increases and spending cuts, raising the risk of recession next year. The kiwi fell to 83.02 US cents at 5pm in Wellington from 83.32 cents at 8.30am and 83.47 cents yesterday. The trade-weighted index fell to 74.11 from 74.46 yesterday, and is heading for a 1.7 percent weekly decline. US Republican leaders called off a vote in Co...

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