NZ dollar pares gain as investors sell into risk rally amid signs of China slowing

Tue, 25 Feb 2014

By Paul McBeth Feb. 25 (BusinessDesk) - The New Zealand dollar pared gains in local trading after an upbeat Northern Hemisphere session when equity markets rallied and fears over tensions in Ukraine eased. The kiwi fell to 83.30 US cents at 5pm in Wellington from 83.88 cents at 8am, though still up from 82.77 cents yesterday. The trade-weighted index rose to 78.18 from 77.76 yesterday. Investors took advantage of last night’s gains, taking profit from the rally in the kiwi after stocks on Wall Street gained spurring demand for risk-sensit...

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