Monday, February 21, 2011

New Zealand dollar tumbles after strong earthquake

TOKYO Mon Feb 21, 2011 8:04pm EST

TOKYO Feb 22 (Reuters) - The New Zealand dollar fell more than 1 percent on Tuesday after Christchurch was struck by a second major tremor in five months.

The quake had a magnitude of 6.3 and its epicentre was just 10 km southwest of Christchurch, the country's second biggest city. The New Zealand dollar fell to as low as $0.7541 NZD=D4, down about 1.2 percent from late U.S. levels. (Reporting by Hideyuki Sano; Editing by Edmund Klamann)


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