NZ dollar gains as strong GDP adds shine, euro-zone data weakens

Thu, 21 Mar 2013

March 22 (BusinessDesk) – The New Zealand dollar gained against the greenback and the euro as stronger-than-expected growth figures yesterday made the local economy a standout in a world of sluggish growth and data showed euro-zone manufacturing shrank further. The kiwi rose to 83.30 US cents from 82.73 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 76.48 from 76.16. The New Zealand economy grew 1.5 percent in the fourth quarter, almost twice the pace expected by economists and the central bank and the fastest pace in...

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