NZ dollar buoyed by US trade improvement, gains on Wall Street

Sun, 10 Feb 2013

Feb. 11 (BusinessDesk) – The New Zealand dollar recovered some ground on Friday after figures showed a shrinking US trade deficit and gains on Wall Street helped stoke risk appetite. The kiwi dollar traded at 83.54 US cents from 83.49 cents in late New York trading on Friday, having recovered from below 83 cents in Asia at the end of last week. The trade-weighted index rose to 75.82 from 75.77. The US trade deficit in December shrunk to its narrowest in nearly three years, reflecting a decline in the value of imported oil, while the Standard...

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