NZ dollar rebounds against the greenback following Japan election win

Tue, 12 Jul 2016

By Edwin Mitson July 12 (BusinessDesk) - The New Zealand dollar rallied against the greenback as a victory for Japan's ruling coalition led traders and investors to riskier assets, anticipating a move by Japan's central bank to continue its expansionary monetary policy to try to stimulate the country's lethargic economy. The kiwi traded at 72.63 US cents at 5pm in Wellington from 72.19 cents at 8am and 72.78 cents yesterday. The trade-weighted index fell to 77.53 from 77.68 yesterday. The New Zealand dollar has continued to gain agai...

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