NZ dollar charts new 7-year high vs. yen as Japan confirmed in recession

Mon, 17 Nov 2014

By Jonathan Underhill Nov. 17 (BusinessDesk) - The New Zealand dollar rose against the greenback and reached a new seven-year high against the yen as figures showed retail sales are growing faster than expected while the Japanese economy has slipped back into recession. The kiwi touched 92.79 yen, the highest since July 2007, and was at 92.23 yen at 5pm in Wellington, from 92.24 yen in New York on Friday. It rose to 79.58 US cents from 79.15 cents at the New York close. The kiwi initially climbed after government figures showed retail...

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