NZ dollar little changed above 83 US cents as debt ceiling eyed

Sun, 06 Jan 2013

Jan. 7 (BusinessDesk) – The New Zealand dollar was little changed above 83 US cents as the US debt ceiling remains in focus and with little local data to drive the currency forward. The New Zealand dollar traded at 83.08 US cents from 83.18 cents in New York on Friday. The trade-weighted index eased to 74.88 from 74.99. On Saturday, US President Barack Obama said in his weekly video address that there could be “catastrophic” consequences for the global economy if the Congress doesn’t agree to lift the US$16.4 trillion debt ceiling, with temp...

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