NZ dollar slips as US debt deadline approaches

Tue, 15 Oct 2013

By Tina Morrison Oct 16 (BusinessDesk) – The New Zealand dollar slipped as investors lessen their exposure to riskier currencies on concern about a failure by US politicians to reach agreement ahead of tomorrow’s deadline for averting a debt default. The kiwi weakened to 83.64 US cents at 8am in Wellington, from 83.85 cents at the 5pm market close yesterday. The trade-weighted index declined to 77.65 from 77.76 yesterday. Republican and Democrat politicians in the US have been unable to agree on the budget with a partial government shutdown...

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