NZ dollar holds above 81 US cts as tepid Japanese growth curbs risk appetite

Mon, 13 Aug 2012

By Paul McBeth Aug. 13 (BusinessDesk) - The New Zealand dollar held above 81 US cents in local trading after weak Japanese growth figures, as investors await data on gross domestic product for the euro zone. The kiwi was little changed at 81.16 US cents at 5pm in Wellington from 81.13 cents at 8am and down from 81.31 cents at the close of trading in New York on Friday. The trade-weighted index fell to 72.99 from 73.11 last week. Japan grew at an annual pace of 1.4 percent in the June quarter, according to government figures. That was less t...

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