NZ dollar little changed as traders fret about US fiscal cliff, Australian capex looms

Wed, 28 Nov 2012

By Paul McBeth Nov. 28 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors worry about US legislators' ability to prevent US$607 billion of tax hikes and spending cuts from kicking in next year, and ahead of Australian capital expenditure figures tomorrow. The kiwi rose to 82.14 US cents at 5pm in Wellington form 81.95 cents at 8.30am and down from 82.25 cents yesterday. The kiwi increased to 78.56 Australian cents from 78.48 cents yesterday. Stocks across Asia, with Japan's Nikkei 225 index down 0.8 pe...

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