NZ dollar may extend gains as Chinese growth spurs investor optimism

Thu, 18 Oct 2012

By Paul McBeth Oct. 18 (BusinessDesk) - The New Zealand dollar may extend its rally as Chinese economic didn't slow down as much as people feared, spurring investors to seek higher-yielding, or riskier, assets. The kiwi traded at 82.09 US cents at 5pm in Wellington, from 82.17 cents at 8am and up from 81.73 cents yesterday. The trade-weighted index advanced to 72.93 from 72.70. Stocks across Asia rallied after official figures showed China's gross domestic product grew 7.4 percent in the third quarter from the same period a year earlier. T...

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