NZ dollar gains as investors reassured about Chinese liquidity, growth

Tue, 25 Jun 2013

By Tina Morrison June 26 (BusinessDesk) – The New Zealand dollar gained as investors were reassured China’s central bank would help ease a credit crunch that sparked concerns about growth in the world’s second-largest economy. The kiwi edged up to 77.30 US cents from 77.16 cents at 5pm in Wellington yesterday. In the past 12 hours, the local currency has traded as low as 76.95 cents and as high as 77.95 cents. The trade-weighted index inched up to 72.91 from 72.79 yesterday. The New Zealand dollar dropped yesterday as Asian stock markets fel...

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