NZ dollar gains amid yen strength ahead of Reserve Bank rate decision

Wed, 10 Dec 2014

By Tina Morrison Dec. 11 (BusinessDesk) - The New Zealand dollar gained as investors eschewed riskier assets in favour of the safe-haven yen, while locally traders await the Reserve Bank decision on interest rates this morning. The kiwi advanced to 77.01 US cents at 8am in Wellington, from 76.83 cents at 5pm yesterday. The trade-weighted index edged lower to 77.40 from 77.45 yesterday. Investors are cautious this week amid concern about political uncertainty in Greece and growth in China, reducing their holdings of riskier assets and f...

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