NZ dollar extends gain as Australian growth keeps investors upbeat

Wed, 06 Mar 2013

By Paul McBeth March 6 (BusinessDesk) - The New Zealand dollar extended gains through the local session after Australian growth renewed investors' interest in the trans-Tasman currencies after rising dairy prices and strong US equity markets sparked off an earlier rally. The kiwi rose to 83.28 US cents at 5pm in Wellington from 83.18 cents at 8.30am and 82.92 cents yesterday. The trade-weighted index advanced to 76.32 from 76.12. Australian gross domestic product grew 0.6 percent in the last three months of 2012 from the September quarter,...

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