NZ dollar lifts as volatility subsidies, underpinning gains on Asian stock markets

Mon, 12 Feb 2018

By Rebecca Howard Feb. 12 (BusinessDesk) - The New Zealand dollar gained with Asian equity markets as last week's volatility subsided and after upbeat domestic consumer spending data. The kiwi rose to 72.68 US cents as at 5pm in Wellington from 72.42 cents as at 8am and 72.44 cents in New York on Friday. The trade-weighted index was at 74.72 from 74.57. Asian markets saw some semblance of calm after US stock markets rebounded late Friday, with the Chicago Board Options Exchange's Volatility Index, known as Wall Street's 'fear gauge',...

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