NZ dollar gains after Putin changes tack on Ukraine, Australian GDP beats expectations

Wed, 05 Mar 2014

By Paul McBeth March 5 (BusinessDesk) - The New Zealand dollar rose after investors regained some confidence when Russian President Vladimir Putin toned down his rhetoric over the Crimean Peninsula, and after Australia’s economy grew more than expected in the fourth quarter. The kiwi rose to 83.94 US cents at 5pm in Wellington from 83.73 cents at 8am, up from 83.64 cents yesterday. The trade-weighted index increased to 78.87 from 78.60 yesterday. Stocks across Asia followed Europe and Wall Street higher after Russia’s Putin told a news con...

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