NZ dollar gains as US employment figures looms, Asian stocks rally

Fri, 05 Oct 2012

By Paul McBeth Oct. 5 (BusinessDesk) - The New Zealand dollar gained as stock markets across Asia rallied on growing optimism the world's major central banks will support global growth, as US employment figures loom. The kiwi rose to 82.41 US cents at 5pm in Wellington from 82.14 cents at 8am and 82.06 cents yesterday. The trade-weighted index fell to 73.35 from 73.55. Investors were buoyed by European Central Bank president Mario Draghi affirming the bank's support for the euro at yesterday's monetary policy review and the minutes to the...

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