NZ dollar edges up as central bank meetings loom, emerging markets calmer

Wed, 29 Jan 2014

By Paul McBeth Jan. 29 (BusinessDesk) - The New Zealand dollar rose as fears over emerging markets fell, fuelling demand for risk-sensitive assets such as the kiwi, and ahead of the Reserve Bank of New Zealand and US Federal Reserve policy reviews tomorrow. The kiwi increased to 82.81 US cents at 5pm in Wellington from 82.59 cents at 8am and 82.75 cents yesterday. The trade-weighted index rose to 78.37 from 78.20 yesterday. Global stock markets rallied and investors returned to riskier assets after fears over some developing economies sub...

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