NZ dollar weakens as investors favour less risky assets ahead of US government shutdown

Sun, 29 Sep 2013

By Tina Morrison Sept. 30 (BusinessDesk) – The New Zealand dollar weakened as investors favoured less risky currencies amid rising political uncertainty ahead of a potential US government shutdown as Congress fails to reach agreement on the budget. The kiwi slipped to 82.61 US cents from 82.80 cents at the New York close and 82.90 cents at the 5pm Wellington close on Friday. The trade-weighted index fell to 77.05 from 77.30 on Friday. All eyes are on the partisan political brinkmanship in the US Congress as the deadline for a budget deal to...

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