NZ dollar pares loss after slump in gold price, Boston bombings send quiver through markets

Tue, 16 Apr 2013

By Paul McBeth April 16 (BusinessDesk) - The New Zealand dollar recovered some of its losses after a plunge in gold and silver prices and the worst bombing on US soil since the 2001 World Trade Centre attacks sent jitters through already nervous global markets. The kiwi rose to 84.83 US cents at 5pm in Wellington from 83.75 cents at 8am, though still down from 85.05 cents yesterday. The trade-weighted index declined to 78.03 from 78.16 yesterday. Stocks across Asia were flat following the slump on Wall Street after gold arrested its bigges...

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