NZ dollar gains as US politicians set Sunday meeting for fiscal cliff vote

Fri, 28 Dec 2012

By Paul McBeth Dec. 28 (BusinessDesk) - The New Zealand dollar gained in local trading on optimism US politicians will be able to set aside partisan differences and cut a deal on the US$600 billion in Federal tax increases and spending reductions with a vote set for Sunday. The kiwi rose to 82.11 US cents at 5pm in Wellington from 81.83 cents at 8.30am and 81.89 cents yesterday. The trade-weighted index rose to 73.76 from 73.53 yesterday. The US House of Representatives will hold a session on Sunday in a last ditch effort to avert the fisc...

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