NZ dollar heads for 4.3 percent gain in September quarter as Chinese stimulus stokes optimism

Fri, 28 Sep 2012

By Paul McBeth Sept. 28 (BusinessDesk) - The New Zealand dollar is headed for a 4.3 percent quarterly gain as fund managers reposition their global portfolios against the backdrop of increased optimism after China's central bank became the latest to inject greater liquidity into its financial system. The kiwi extended its rally to 83.51 US cents at 5pm in Wellington from 83.15 cents at 8am and 82.58 cents yesterday. The trade-weighted index advanced to 74.02 from 73.40 yesterday, and is looking at t 2.6 percent quarterly gain. Stocks acros...

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