NZ dollar pares loss as investors get jumpy over Europe's future

Tue, 12 Jun 2012

By Paul McBeth June 12 (BusinessDesk) - The New Zealand dollar pared its losses in local trading as investors remained nervous about the future of Europe after the bail out the Spanish banking sector, and as Greece prepares to go back to the polls this weekend. The kiwi traded at 77.08 US cents from 76.87 cents at 8am, and was down from 77.65 cents yesterday. The trade weighted index was little changed at 70.41 from 70.48 yesterday. Asian stock markets followed Wall Street lower amid doubts the Spanish banking bailout will be enough to insu...

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