NZ dollar gains vs. greenback, euro as data fuels Fed stimulus bets

Thu, 19 Jul 2012

By Hannah Lynch July 20 (BusinessDesk) - The New Zealand dollar rose against the greenback and reached a record versus the euro on speculation the Federal Reserve will do more to stimulate the US economy and a sales of Spanish bonds met lukewarm demand. The New Zealand dollar rose as high as 80.54 US cents from 80.05 cents yesterday at 5pm. It traded at 80.33 cents just before 8am. The kiwi rose as high as 65.62 euro cents, the most since the single currency entered circulation in 2002, up from 65.15 cents yesterday. It traded recently at 65....

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