NZ dollar holds gains ahead of RBNZ; investors upbeat on European stability

Wed, 13 Jun 2012

By Paul McBeth June 13 (BusinessDesk) - The New Zealand dollar held gains in local trading ahead of tomorrow's Reserve Bank monetary policy review, which is tipped to keep interest rates on hold, and as investors get more optimistic about a coordinated policy response to Europe's deepening debt woes. The kiwi was little changed at 77.64 US cents at 5pm from 77.63 cents just before 8am, and up from 77.08 cents yesterday. The trade weighted index increased to 70.71 from 70.41 yesterday. Central bank Governor Alan Bollard will keep the offici...

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