NZ dollar holds gains as RBA minutes affirm optimism about Australia

Tue, 18 Mar 2014

By Paul McBeth March 18 (BusinessDesk) - The New Zealand dollar held gains in local trading after board minutes from the last Reserve Bank of Australia meeting were sufficiently upbeat to affirm investors’ views on the growing strength of Australia’s economy. Global nerves over China and the Crimean peninsula also eased. The kiwi traded at 85.59 US cents at 5pm in Wellington from 85.67 cents at 8am, up from 85.32 cents yesterday. The trade-weighted index advanced to 79.85 from 79.70 yesterday. Minutes to the RBA’s policy review this month...

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