NZ dollar rises as Asian stocks rally on improving risk-sentiment, swaps fall

Tue, 25 Sep 2012

By Paul McBeth Sept. 25 (BusinessDesk) - The New Zealand dollar crept up in local trading as a Chinese growth indicator underpinned investors' appetite for risk-sensitive assets, and as longer-dated local interest rates fell. The kiwi rose to 82.29 US cents at 5pm in Wellington from 82.16 cents at 8am, and little changed from 82.39 cents yesterday. The trade-weighted index traded at 73.03 from 73.09 yesterday. China's leading economic indicator rose 1.7 percent to 240.4 in August from a month earlier, the Conference Board said, stoking dem...

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