NZ dollar gains as improving US economy prompts investors to take on more risk

Thu, 13 Jun 2013

By Tina Morrison June 14 (BusinessDesk) – The New Zealand dollar gained as signs of an improving US economy prompted investors to take on more risk, boosting equity markets and damping demand for gold and silver. The kiwi rose to 80.86 US cents from 79.20 cents at the 5pm market close in Wellington yesterday. The trade-weighted index advanced to 74.76 from 73.51 yesterday. Reports in the US showed retail sales rose at the fastest pace in three months in May and fewer Americans than forecast filed applications for unemployment benefits last w...

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