NZ dollar gains as investors take advantage of weakness to buy ahead of budget

Wed, 15 May 2013

By Tina Morrison May 16 (BusinessDesk) - The New Zealand dollar strengthened against major currencies as investors take advantage of a dip in the kiwi to buy ahead of the government budget today. The kiwi rose to 82.36 US cents from 82.13 cents at 5 pm yesterday. The trade-weighted index gained to 77.48 from 77.13 yesterday. New Zealand's currency has been trading under 82 US cents this week as investors supported the greenback on the expectations the world's largest economy is on the mend. New Zealand's government is today expected to say t...

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