NZ dollar jumps to 6-month high as QE3 weighs on greenback, stokes equity rally

Fri, 14 Sep 2012

By Paul McBeth Sept. 14 (BusinessDesk) - The New Zealand dollar climbed to a six-month high in local trading after the Federal Reserve's programme to print more money weighed on the greenback while stoking a rally in global equity markets. The kiwi rose to 83.45 US cents at 5pm in Wellington from 83 cents at 8am and 82.19 cents yesterday. The trade-weighted index rose to 73.67 from 72.86 yesterday, and is heading for a weekly gain of 2.2 percent. The kiwi is heading for a 2.8 percent weekly gain against the greenback. Stocks across Asia fo...

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