NZ dollar rebounds after touching fresh 2-year low as investors take profits on greenback

Mon, 08 Dec 2014

By Tina Morrison Dec. 9 (BusinessDesk) - The New Zealand dollar rebounded after touching a fresh two-and-a-half year low as investors sold US dollars, taking advantage of the greenback at its highest level in more than five years. The kiwi touched 76.21 US cents overnight, its lowest since June 8, 2012, and was trading at 76.71 cents at 8am in Wellington, from 76.43 cents at 5pm yesterday. The trade-weighted index was little changed at 77.50 from 77.48 yesterday. The US dollar index, which measures the greenback against a basket of cur...

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