NZ dollar gains after US retail sales growth, earnings; inflation data awaited

Mon, 15 Oct 2012

Oct. 16 (BusinessDesk) - The New Zealand dollar rose after US retail sales growth and Citigroup’s earnings beat estimates, lifting stocks on Wall Street and bolstering risk appetite and demand for growth-linked assets such as the kiwi. The kiwi dollar rose to 81.82 US cents from 81.43 cents at 5 pm yesterday. The trade-weighted index rose to 73.07 from 72.80. Shares of Citigroup gained after the bank's third-quarter profit beat expectations, giving investors some comfort about the current earnings season, while US retail sales rose 1.1 per c...

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