NZ dollar gains as emerging markets recover; Syrian intervention, month-end loom

Thu, 29 Aug 2013

By Paul McBeth Aug. 29 (BusinessDesk) - The New Zealand dollar rose in local trading as stock markets in emerging nations recovered after a sharp sell-off and ahead of likely Western military intervention in Syria and the squaring up of month-end positions on Friday. The kiwi rose to 78.34 US cents at 5pm in Wellington from 77.90 cents at 8am and 77.58 cents yesterday. The trade-weighted index advanced to 74.01 from 73.33 yesterday. Stock markets in India and Indonesia rose in afternoon trading after the biggest sell-off in South East Asi...

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