9 Oct 2013

New Zealand dollar little changed on Wednesday

7:45 pm on 9 October 2013

The New Zealand dollar was again little changed on Wednesday as all eyes in the market remain on the United States' budget impasse.

ANZ senior manager in the foreign exchange market, Sam Tuck, says if America does default, investors will sell New Zealand dollars.

At about 5pm, the New Zealand dollar was trading at 82.91 US cents, 87.84 Australian cents, 51.58 British pence, 0.6109 euro and at 80.69 yen.

The share market is being dragged lower, along with most stock exchanges around the world, by the political brinkmanship in Washington.

The benchmark Top 50 Index ended down 28 points at 4711.