NZ dollar holds gains as business confidence, building permits underpin local growth story

Tue, 30 Apr 2013

By Paul McBeth April 30 (BusinessDesk) - The New Zealand dollar held gains after a business confidence survey and building data didn't derail the prospects for the local economic recovery, and ahead of central bank meetings that will likely dictate global sentiment. The kiwi traded at 85.59 US cents at 5pm in Wellington from 85.65 cents at 8am, up from 85.20 cents yesterday. The trade-weighted index advanced to 78.75 from 78.47. New Zealand business confidence edged down last month, with a net 32 percent of firms expecting better condition...

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