NZ dollar climbs above 80 US cts for 1st time in a month amid lull in US data, volatility dwindles

Tue, 23 Jul 2013

By Paul McBeth July 23 (BusinessDesk) - The New Zealand dollar rose above 80 US cents for the first time in a month as a lull in US data keeps traders unsure as to where the Federal Reserve is leaning in its plan to unwind its stimulus programme, and as volatility in financial markets dwindled to a three month low. The kiwi rose as high as 80.06 US cents, trading at 79.96 cents at 5pm in Wellington from 79.64 cents at 8am and 79.32 cents yesterday. The trade-weighted index gained to 75.43 from 75.08 yesterday. Traders are in a quiet patch...

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