NZ dollar gains on National Party election win

Mon, 22 Sep 2014

By Paul McBeth Sept. 22 (BusinessDesk) - The New Zealand dollar gained after the incumbent National Party won a convincing election victory on the weekend, instilling confidence in the administration's ability to continue pursuing its policy programme. The kiwi rose to 81.53 US cents at 5pm in Wellington from 81.49 cents at 8am, and was up from 81.24 cents on Friday in New York. The trade-weighted index advanced to 78.78 from 78.53 last week. The local currency got a boost from the Saturday general election, which delivered the ruling...

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