NZ dollar gains as renewed risk appetite pushes Asian stocks higher

Mon, 22 Apr 2013

By Paul McBeth April 22 (BusinessDesk) - The New Zealand dollar gained in local trading as investors' appetite for higher-yielding assets bounced back, though a slew of data showing slower global growth this week may temper those gains. The kiwi rose to 84.33 US cents at 5pm in Wellington from 83.91 cents at 8am, and 84.19 cents on Friday in New York. The trade-weighted index advanced to 78.01 from 77.91 last week. Stocks across Asia rose in afternoon trading, with Japan's Nikkei 225 index up 1.8 percent and Australia's S&PASX 200 gaining...

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