NZ dollar little changed as US woes overshadow improving business confidence

Tue, 08 Oct 2013

By Paul McBeth Oct. 8 (BusinessDesk) - The New Zealand dollar was little changed as the stalemate among US legislators threatens to bring on a possible default by the world’s biggest economy, overshadowing upbeat business confidence surveys on both sides of the Tasman. The kiwi traded at 82.93 US cents at 5pm in Wellington from 83.30 cents at 8am and 82.85 cents yesterday. The trade-weighted index was almost unchanged at 76.89 from 76.86 yesterday. The US House of Representatives is still gridlocked over the Federal government’s budget, w...

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