NZ dollar advances as some investors see declines as good buying

Thu, 20 Nov 2014

By Tina Morrison Nov. 21 (BusinessDesk) - The New Zealand dollar advanced as some investors bet its decline made it attractive buying. The kiwi rose to 78.74 US cents at 8am in Wellington, from 78.41 cents at 5pm yesterday. The trade-weighted index gained to 78.26 from 78.06 yesterday. The New Zealand dollar has fallen about 11 percent from its peak in July amid concerns that falling dairy prices will weigh on farmer incomes and crimp economic growth, at the same time as increased optimism about a US recovery boosts demand for the gree...

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