Michael Plank, University of Canterbury; Shaun Hendy, University of Auckland, and Siouxsie Wiles, University of …
Read More »NZ dollar falls as fiscal cliff looms
The New Zealand dollar fell from a nine-month high amid concerns politicians in Washington are making no progress in talks to avert the fiscal cliff, countering the impetus growth assets got from the Federal Reserve’s further quantitative easing and weighing on stocks. The kiwi dollar fell to 84.23 US cents from 84.40 cents at 5pm in Wellington yesterday. The trade-weighted …
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