NZ dollar rises above 82 US cts as QE3, German ruling on rescue fund loom; RBNZ in background

Wed, 12 Sep 2012

By Paul McBeth Sept. 12 (BusinessDesk) - The New Zealand dollar rose above 82 US cents for the first time in a month as stock markets across Asia rallied on optimism the Federal Reserve will start printing more money and the German courts will approve the legality of a Europe-wide bailout fund. The kiwi rose to 82.02 US cents at 5pm in Wellington from 81.86 cents at 8am and 81 cents yesterday. The trade-weighted index advanced to 72.84 from 72.36 yesterday. Equity markets across the Asia Pacific rallied today in anticipation US policymaker...

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