NZ dollar gains as Asian stocks rally on improving investor sentiment

Mon, 22 Feb 2016

By Paul McBeth Feb. 22 (BusinessDesk) - The New Zealand dollar gained, joining a rally in risk-sensitive assets, as stocks across Asia rose on improving investor sentiment. The kiwi rose to 66.48 US cents at 5pm in Wellington from 66.34 cents at 8am and 66.29 cents on Friday in New York. The trade-weighted advanced to 72.26 from 72.10 last week. Investor nerves have continued to settle in recent days, with the Chicago Board Options Exchange's Volatility Index, known as Wall Street's 'fear gauge', continuing to fall. Stocks across Asi...

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