NZ dollar advances as investor mood turns buoyant, boosting equities and commodity currencies

Mon, 24 Feb 2014

By Tina Morrison Feb 25 (BusinessDesk) – The New Zealand dollar rose to a week high against other major currencies overnight as investors felt more buoyant, underpinning stocks and commodity currencies. The kiwi touched a week high of 83.41 US cents this morning and was trading at 83.38 cents at 8am in Wellington, from 82.77 cents at 5pm yesterday. The trade-weighted index advanced to 78.20 from 77.76 yesterday. Investor risk appetite improved, pushing the Standard & Poor's 500 to a record high, underpinned by expectations that heavily indeb...

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