NZ dollar gains vs. yen after Japanese GDP revised lower

Mon, 09 Mar 2015

By Tina Morrison March 10 (BusinessDesk) - The New Zealand dollar rose against the yen after Japanese growth was revised lower, damping demand for the nation's currency. The kiwi advanced to 89.37 yen at 8am in Wellington, from 88.77 yen at 5pm yesterday. The local currency gained to 73.75 US cents from 73.31 cents yesterday after the greenback consolidated following stronger employment data on Friday. The yen was the worst performing major currency overnight after a report showed the Japanese economy grew just 0.4 percent in the fourt...

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