NZ dollar gains vs. yen, pound on BOJ speculation, UK rate cut

Sun, 24 Feb 2013

Feb. 25 (BusinessDesk) – The New Zealand dollar rose against the yen on reports the favoured candidate for Bank of Japan governor is the most aggressive in terms of reviving the world’s No. 3 economy. The kiwi gained against the British pound after the UK’s credit rating was cut. The New Zealand dollar rose to 78.83 Japanese yen from 78.19 yen in late New York trading on Friday and gained to 55.29 British pence from 55.08 pence. It fell to 83.56 US cents from 83.73 cents. Japanese newspapers and Reuters reported over the weekend that Prime M...

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