NZ dollar may fall from near 7-week high on concern EU leaders struggling to resolve crisis

Mon, 25 Jun 2012

By Hannah Lynch June 26 (BusinessDesk) - The New Zealand dollar may fall from near a seven-week high as concern mounts that Thursday's European leaders' summit in Brussels will fail to deliver a durable solution to the region's debt crisis. The New Zealand dollar was little changed on 78.67 US cents just before 8am from 78.76 yesterday at 5pm. The trade weighted index was little changed at 71.60. Equities dropped on both sides of the Atlantic with the Standard & Poor's 500 Index falling 1.5 percent to 1315.65, while Germany's DAX 30 slipp...

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