NZ dollar little changed as investors await the outcome of stalled US budget talks

Sun, 06 Oct 2013

By Tina Morrison Oct. 7 (BusinessDesk) – The New Zealand dollar is little changed as investors await the outcome of stalled budget talks in the US. The kiwi traded at 83.12 US cents at 8am in Wellington, from 83.22 cents at the New York close and 82.89 cents in Wellington Friday. The trade-weighted index advanced to 77.26 from 76.77 on Friday. Financial markets are awaiting the resolution of a political stalemate in the US after Congress failed to agree on the budget last week. The deadlock is raising concerns that politicians may also fai...

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