NZ dollar gains on Kuroda’s BOJ comments, Weidmann view on euro

Mon, 11 Feb 2013

Feb. 12 (BusinessDesk) – The New Zealand dollar rose against most of its trading peers after a contender for Bank of Japan chief said he favoured more stimulus and after Bundesbank chief Jens Weidmann scotched comments that the euro is overvalued. The kiwi rose to 83.70 US cents from 83.28 cents at 5pm in Wellington yesterday. The local currency jumped to 78.16 yen from 77.02 yen and climbed to 62.41 euro cents from 62.27 cents. With Asian trading activity curtailed by public holidays throughout the region, the kiwi gained versus the yen aft...

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