NZ dollar climbs over 83 US cts on improving business confidence, less dour Australian capex outlook

Thu, 28 Feb 2013

By Paul McBeth Feb. 28 (BusinessDesk) - The New Zealand dollar climbed back above 83 US cents after a bank survey showed local business confidence has continued to improve, and as Australian capital expenditure figures weren't as bad as investors were prepared for. The kiwi rose to 83.15 US cents at 5pm in Wellington from 82.43 cents at 8am and 82.42 cents yesterday. The trade-weighted index advanced to 75.97 from 75.49 yesterday. New Zealand's currency rallied after the ANZ Business Outlook showed business confidence rose to a 19-month hi...

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