Michael Plank, University of Canterbury; Shaun Hendy, University of Auckland, and Siouxsie Wiles, University of …
Read More »NZ dollar slips as US debt deadline approaches
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 …
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