NZ dollar climbs month-high vs greenback as Moody's warns on US credit rating

Tue, 11 Sep 2012

By Hannah Lynch Sept. 12 (BusinessDesk) - The New Zealand dollar climbed to a month-high versus the greenback ahead of the Federal Reserve's two day policy meeting and after Moody's Investors Services threatened to strip the world's largest economy of its AAA credit rating. The New Zealand dollar rose to 81.86 US cents at 8am in Wellington, the highest since Aug. 6, from 81 cents at 5pm yesterday. The trade weighted index increased to 72.78 from 72.36. Rating agency Moody's warned it may cut the US credit rating one notice to Aa1 if the Fed...

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