The New Zealand dollar fell to a 12-month low as the Federal Reserve's signal of an end to quantitative easing, weak Chinese manufacturing and tighter credit sapped risk appetite and sent investors rushing to the greenback. The kiwi slid to 77.48 US cents and earlier dropped to a 12-month low of 77.10 cents, from 78.54 cents yesterday. The trade-weighted index fell to 72.95 from 73.74. ...
↧