NZ dollar holds above 81 cents on early hopes of fiscal cliff progress

Sun, 18 Nov 2012

Nov. 19 (BusinessDesk) - The New Zealand dollar rose back above 81 US cents after US Treasury Secretary Timothy Geithner indicated a resolution to the so-called fiscal cliff could be achieved within weeks, which would end a threat to the world’s biggest economy. The New Zealand dollar traded at 81.17 US cents from 81.21 cents in late New York trading on Friday. The trade-weighted index held at 73.07. Geithner told Bloomberg that White House talks between President Barack Obama and congressional leaders were "a good meeting, and the tone was...

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