NZ dollar over 83 US cents, plenty to go says Westpac's Speizer

Fri, 21 Sep 2012

By Paul McBeth Sept. 21 (BusinessDesk) - The New Zealand dollar rose above 83 US cents as stock markets across Asia rallied with the debut of Apple Inc's latest iPhone model stoking demand for tech stocks, bolstering investors' appetite for higher-yielding, riskier assets. The kiwi rose to 83.03 US cents at 5pm in Wellington from 82.86 cents at 8am, and 82.44 cents yesterday. The trade-weighted index advanced to 73.53 from 73.18 yesterday. Asian technology companies, including Samsung Electronics, got a lift from the iPhone 5 going on sale...

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