NZ dollar advances ahead of election as weaker data weighs on greenback

Thu, 18 Sep 2014

By Tina Morrison Sept. 19 (BusinessDesk) - The New Zealand dollar advanced as investors bet on stability ahead of the general election tomorrow and as weaker US data weighed on the greenback. The kiwi rose to 81.43 US cents at 8am in Wellington, from 81.06 cents at 5pm yesterday. The trade-weighted index advanced to 78.48 from 78.28 yesterday. New Zealand holds its general election tomorrow, with Radio New Zealand’s Poll of Polls, which averages political polls results, signalling the incumbent National-led government and Prime Ministe...

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