NZ dollar sinks to three-week low as equities fall, fiscal talks in focus

NZ dollar sinks to three-week low as equities fall, fiscal talks in focus
Dec. 24 (BusinessDesk) – The New Zealand dollar fell to a three-week low against the greenback after equities weakened and doubts grew on the ability of US Republicans and Democrats to reach agreement on averting the fiscal cliff. The kiwi dollar slipped to 82.32 US cents from 82.37 cents in New York on Friday and from 83.02 cents in Wellington at 5pm on Friday. The trade-weighted index was at 73.69. On Wall Street, the Dow Jones Industrial Average and the Standard & Poor’s 500 Index both fell about 0.9 percent on Friday and traders were dri...