NZ dollar hits post-float high on TWI after retail sales jump in 4Q

Fri, 15 Feb 2013

By Paul McBeth Feb. 15 (BusinessDesk) - The New Zealand dollar jumped to a post-float high on a trade-weighted basis and is poised for a 1.7 percent weekly gain after better-than-expected retail sales gave investors yet another reason to buy the local currency. The kiwi rose to 77.15 on the trade-weighted basis from 76.88 yesterday, and climbed as high as 77.46 surpassing the mid-2007 level when former Reserve Bank governor Alan Bollard intervened in currency markets. The kiwi jumped to 85.07 US cents from 84.80 cents this morning and 84.74...

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