NZ dollar holds near recent lows as Cyprus fears sap risk appetite

Mon, 18 Mar 2013

March 18 (BusinessDesk) – The New Zealand dollar held near its recent lows following the euro-zone’s bailout plan for Cyprus that included clipping the island’s bank deposits, stoking concern the same demand could occur in nearby nations and spark a run on banks. The kiwi dollar traded at 82.27 US cents from 82.29 cents at the start of the day and down from 82.72 cents in late New York trading on Friday. The trade-weighted index was at 75.71, from 75.64 earlier in the day and down from 75.85 on Friday. Traders are pondering the prospects for...

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