NZ dollar gains as Wall St rallies on improving employment, TWI at 5-year high

Sun, 03 Feb 2013

Feb. 4 (BusinessDesk) - The New Zealand dollar gained against the greenback and reached a five-and-a-half year high on a trade-weighted basis as improving US employment figures underpinned a rally on Wall Street and stoked investors' appetite for higher-yielding assets. The kiwi was unchanged at 84.53 US cents at 8am in Wellington from the close of trading on Friday in New York, and up from 84.10 cents at New Zealand's close last week. The trade-weighted index was little changed at 76.17 from 76.13 at the close of New York trading, and up fr...

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