NZ dollar gains after weak euro-zone, UK data; seen capped at 84.50 US cts

Tue, 02 Apr 2013

April 3 (BusinessDesk) – The New Zealand dollar gained against most of its trading peers after weak economic figures in Europe and the UK, and rising equity markets stoked demand for so-called risk assets. The kiwi dollar rose to 84.12 US cents from 84.03 cents at 5pm in Wellington yesterday, having climbed as high as 84.44 cents overnight. The trade-weighted index rose to 77.26 from 76.92. A gauge of manufacturing in the euro region dropped to a three-month low last month while European unemployment climbed to a record 12 percent in Februar...

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