NZ dollar climbs above 82 US cts as stocks, commodities gain; RBA looms

Mon, 06 Aug 2012

By Paul McBeth Aug. 7 (BusinessDesk) - The New Zealand dollar climbed above 82 US cents for the first time in more than three months as stocks on Wall Street and commodity prices rallied, extending last week's upbeat sentiment on the prospect Spain will seek regional funding to shore up its ailing finances. The kiwi rose as high as 82.22 US cents, and traded at 81.96 cents at 8.30am in Wellington from 81.86 cents yesterday. The trade-weighted index advanced to 73.56 from 73.49 yesterday. Investor optimism continued during the Northern Hemi...

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