NZ dollar gains as greenback exuberance wanes, QSBO looms

Mon, 06 Oct 2014

By Paul McBeth Oct. 7 (BusinessDesk) - The New Zealand dollar bounced as exuberance for a strengthening US dollar waned after its rapid gain over the past three months, and ahead of this morning's New Zealand Economic Institute of Research's quarterly survey of business opinion. The kiwi rose to 78.21 US cents at 8am in Wellington from 77.67 cents yesterday. The trade-weighted index increased to 76.37 from 76.21 yesterday. Traders pared back their support for the greenback after its steady gain since the end of June, with the US dollar...

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