NZ dollar gains as manufacturing, consumer confidence point to stronger economy

Thu, 14 Feb 2013

By Paul McBeth Feb. 14 (BusinessDesk) - The New Zealand dollar rose to a 10-day high against the greenback after manufacturing and consumer confidence surveys painted a more optimistic picture of the local economy, and reminded investors by they've had a strong appetite for the currency. The kiwi climbed to 84.74 US cents at 5pm in Wellington, rising as high as 84.93 cents, from 84.10 cents yesterday. The trade-weighted index advanced to 76.87 from 76.17. The local currency got a boost from strong second-tier data, with consumer confidence...

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