NZ dollar falls as weak US consumer spend saps risk appetite

The soaring New Zealand dollar fell after weaker than expected retail spending in the US sapped investors' appetite for higher-yielding assets, pushing stocks on Wall Street lower on Friday and dragging down risk-sensitive currencies.

http://www.scoop.co.nz/stories/BU1304/S00454/nz-dollar-falls-as-weak-us-consumer-spend-saps-risk-appetite.htm