NZ dollar gains from three-month low as traders regain confidence in local economy

Thu, 05 Jun 2014

By Paul McBeth Jun. 5 (BusinessDesk) - The New Zealand dollar climbed from a three-month low as traders recovered lost confidence in the local economy, and lowered their expectations for a downgrade to the Reserve Bank's interest rate track when it reviews monetary policy next week. The kiwi rose to,84.41 US cents at 5pm in Wellington from 84.15 cents at 8am and 84.13 cents yesterday. The trade-weighted index advanced to 78.90 from78.67 yesterday. The New Zealand dollar arrested its slide this month as traders pared back expectations R...

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