NZ dollar holds gains as investors await signs of US economic recovery

Wed, 26 Mar 2014

By Paul McBeth March 26 (BusinessDesk) - The New Zealand dollar held gains in local trading as a lack of hard economic data this week has investors waiting for signs of recovery in the US. The kiwi traded at 85.83 US cents at 5pm in Wellington from 85.73 cents at 8am, up from 85.51 cents yesterday. The trade-weighted index advanced to 80.16 from 79.92 yesterday. Traders are looking for signs of recovery in the US as the world’s biggest economy was hampered by harsh winter conditions in recent months, with next week’s non-farm payrolls rep...

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