NZ dollar slips as fiscal cliff talks grind slower in Washington

Thu, 20 Dec 2012

Dec. 21 (BusinessDesk) – The New Zealand dollar fell amid concern time is running out for politicians in Washington to avert the fiscal cliff and help prevent the world’s biggest economy falling into recession. The kiwi dollar fell to 83.32 US cents from 83.47 cents at 5pm in Wellington yesterday. The trade-weighted index declined to 74.33 from 74.46. Officials from President Barack Obama's administration told leaders of US business and financial-services groups that negotiations with House Speaker John Boehner have deteriorated in the last 2...

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