NZ dollar gains as Boehner stokes optimism fiscal cliff will be averted, stocks rise

Wed, 28 Nov 2012

By Paul McBeth Nov. 29 (BusinessDesk) - The New Zealand dollar gained after comments from US House of Representatives Speaker and senior Republican John Boehner stoked optimism policymakers will set aside their differences and bypass the fiscal cliff of US$607 billion in automatic tax hikes and spending cuts, stoking investor confidence and pushing stocks higher. The kiwi dollar rose to 82.34 US cents at 8.30am in Wellington from 82.14 cents yesterday. The trade-weighted index advanced to 73.64 from 73.46. Stocks on Wall Street rallied aft...

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