NZ dollar gains before CPI, helped by dairy gains, rally on Wall Street

Tue, 16 Apr 2013

April 17 (BusinessDesk) – The New Zealand dollar rose back above 85 US cents before figures that are expected to show a pick-up in quarterly inflation and after gains on Wall Street and a modest increase in dairy prices to a new record. The kiwi gained to 84.92 US cents, and earlier reached 85.06 cents, from 84.79 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 77.92 from 78.05. The Standard & Poor’s 500 Index climbed 1.4 percent as earnings from companies including Coca-Cola and Johnson & Johnson beat estimates and aft...

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