NZ dollar little changed as Wall Street rally falters, drought concerns weigh

Tue, 12 Mar 2013

March 13 (BusinessDesk) – The New Zealand dollar was little changed as Wall Street’s rally to record levels ran out of puff and traders pondered the effects on the economy of widespread drought in the North Island. The kiwi traded at 82.45 US cents from 82.44 cents at 5pm in Wellington yesterday. The trade-weighted index was at 76 from 76.09. The Dow Jones industrial Average slipped 0.03 percent in late trading, having reached record levels this week, after Bundesbank President Jens Weidmann warned that the euro zone's financial and sovereig...

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