NZ dollar follows Wall Street higher as JPMorgan earnings beats expectations

Sun, 15 Jul 2012

By Hannah Lynch July 16 (BusinessDesk) - The New Zealand dollar gained as investors were more upbeat after better-than-expected second-quarter earnings from investment bank JPMorgan & Chase, stoking appetite for higher-yielding assets. The New Zealand dollar rose to 79.67 US cents just before 8am up from 79.51 cents at the close of trading in New York. The kiwi rose as high as 65.11 euro cents, the highest the single currency has traded since it entered circulation in 2002, trading at 64.96 cents at 8am up from 64.87 cents. JPMorgan led st...

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