NZ dollar may extend slide on speculation EU leaders won't agree

Wed, 27 Jun 2012

By Hannah Lynch June 27 (BusinessDesk) - The New Zealand dollar may fall further on speculation European Union leaders will fail to agree on measures to stop the region’s debt crisis from spreading, attending their 20th summit since the turmoil began on Thursday. The New Zealand dollar traded at 78.97 US cents at 5pm down from 79.20 US cents just before 8am. The trade weighted index decreased to 71.67 from 71.87. German Chancellor Angela Merkel and French President Francois Hollande will meet ahead of the summit on Wednesday. The chancell...

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