NZ dollar weakens on expectation US government partial shutdown will be temporary

Tue, 01 Oct 2013

By Tina Morrison Oct 2 (BusinessDesk) – The New Zealand dollar weakened on the expectation the US government’s failure to reach agreement on its budget, partially shutting down government services, will only be temporary. The kiwi slipped to 82.66 US cents at 8am in Wellington from 83.05 cents at the 5pm market close yesterday. The trade-weighted index dropped to 76.81 from 77.32 yesterday. Investors are betting fallout will be limited from the shutdown of some US government services after failure to reach agreement yesterday for the first t...

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