NZ dollar rises as buoyant economic news cements chance of rate hike next month

Thu, 27 Feb 2014

By Tina Morrison Feb. 28 (BusinessDesk) – The New Zealand dollar was the best performing major currency overnight, nudging above 83.90 US cents, as a raft of positive economic news cemented the likelihood of the Reserve Bank raising interest rates next month. The kiwi touched a high of 83.91 US cents this morning, the fourth session this year it has risen above 83.90 cents, making it the best performer of major currencies tracked by Reuters. The New Zealand dollar was trading at 83.77 US cents at 8am in Wellington, from 83.24 cents at 5pm y...

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