NZ dollar little changed as investors seek safe havens, US employment figures loom

Thu, 31 May 2012

By Paul McBeth June 01 (BusinessDesk) - The New Zealand dollar was little changed as investors looked to put their money in low-risk assets such as government bonds as Europe's sovereign debt woes drag on, and ahead of US employment figures. The kiwi slipped to 75.24 US cents from 75.36 cents yesterday, having shed 7.9 percent in the month of May. The trade-weighted index declined to 68.94 from 69.06. The Dollar Index, a measure of the greenback against a basket of currencies, rose 0.3 percent to 83.06 after bonds rallied with the yield on...

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