NZ dollar gains from two-month low as German investors grow pessimistic

NZ dollar gains from two-month low as German investors grow pessimistic
By Paul McBeth Aug. 13 (BusinessDesk) - The New Zealand dollar gained from a two-month low as weak German investor confidence and a standoff on the Russia/Ukraine border weighed on market sentiment. The kiwi rose to 84.36 US cents at 8am in Wellington from 84.13 cents. The trade-weighted index increased to 79.15 from 78.99. Asset classes were mixed with stocks on Wall Street lower, US treasury yields higher and the greenback little changed after Germany's ZEW survey showed investor confidence dropped to the lowest since December 2012,...