NZ dollar gains as US federal shutdown begins, NZ economy stands out

Tue, 01 Oct 2013

Oct. 1 (BusinessDesk) – The New Zealand dollar held its gains against the greenback on speculation a prolonged US government shutdown and an more weighty debate about the debt ceiling this month will sap demand for US dollars. The kiwi traded at 83.04 US cents at 5pm in Wellington, holding its gains through the day from 82.84 cents late yesterday. The trade-weighted index was at 77.32, up from 77.19 the previous day. It went past midnight in Washington, with no apparent agreement between the White House and Republicans, meaning the White Hou...

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