NZ dollar climbs to 3-week high as Australian data stoke investor optimism

Thu, 07 Jun 2012

By Paul McBeth June 07 (BusinessDesk) - The New Zealand dollar rose to a three-week high 77.14 US cents in local trading as better than expected jobs growth across the Tasman stoked investors' appetite for riskier, or higher-yielding, assets. The kiwi rose to 77.05 US cents at 5pm from 76.98 cents at 8am and 76.22 cents yesterday. The trade weighted index gained to 70.07 from 69.40 yesterday. Australia unexpectedly added 39,000 jobs last month, fuelling optimism about the so-called 'lucky country' just one day after annual gross domestic p...

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