NZ dollar retreats as Spanish optimism fades, Wall Street slides

Mon, 11 Jun 2012

NZ dollar retreats as Spanish optimism fades, Wall Street slides By Hannah Lynch June 12 (BusinessDesk) - The New Zealand dollar fell more than half a US cent as optimism over Spain's 100 billion euro lifeline faded after questions were raised about who is going to pay for the bailout, sapping investor confidence and pushing stocks on Wall Street lower. The kiwi fell to 76.87 US cents at 8am from 77.65 cents yesterday at 5pm. The trade weighted index declined to 70.15 from 70.48. Stocks on Wall Street fell as investors reassessed the plan...

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