NZ dollar hits eight-month high vs yen as New Zealand eyes higher rates, Japan mulls stimulus

Mon, 30 Dec 2013

By Tina Morrison Dec. 31 (BusinessDesk) – The New Zealand dollar rose to an eight-month high against the yen as New Zealand heads into a period of higher interest rates while Japan eyes further stimulus to boost its economy. The kiwi rose as high as 86.37 yen early this morning and was trading at 86.23 yen at 8am in Wellington from 85.61 yen at 5pm yesterday. The local currency advanced to 82.06 US cents from 81.36 cents yesterday. The New Zealand dollar has advanced 20 percent against the yen this year as a revival in New Zealand’s economy...

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