NZ dollar gives up gains as some traders take profits near 84 US cents

Wed, 02 Jan 2013

Jan. 3 (BusinessDesk) – The New Zealand dollar, which soared along with stocks on Wall Street and in Europe on the US fiscal cliff deal, gave up some of its gains as traders sold the currency as it neared 84 US cents. The kiwi dollar recently traded at 83.16 US cents from 83.73 cents in Asian trading yesterday, having reached as high as 83.92 cents overnight. It was at 82.76 cents before news of the deal in Washington came through. The trade-weighted index fell to 74.46 from 74.98. US Treasuries sold off and equity markets on both sides of t...

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