NZ dollar slips as German confidence dims, IMF may trim growth forecast

Mon, 24 Sep 2012

Sept. 25 (BusinessDesk) - The New Zealand dollar declined after Germany business confidence weakened and the International Monetary Fund flagged a possible downgrade in its forecast for global economic growth. The New Zealand dollar fell to 82.16 US cents from 82.39 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 72.96 from 73.09. Germany’s Ifo institute said its business climate index fell to 101.4 in September from 102.3 in August, against economist expectations of an increase. The results helped undermine risk appet...

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