NZ dollar gains as investors look for safety amid Cypriot conundrum

Wed, 27 Mar 2013

By Paul McBeth March 27 (BusinessDesk) - The New Zealand gained against most of its major trading partners and was little changed against the greenback as investors seek out relatively safe places for their cash as the impact of the Cyprus bailout washes through the rest of Europe. The kiwi was little changed at 83.77 US cents at 5pm in Wellington from 83.81 cents at 8am and held gains from 83.45 cents yesterday. The trade-weighted index, a measure of the currency against a basket of trading partners, rose to 77 from 76.61 yesterday. The y...

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