NZ dollar rises as investors see financial stability after National election win

Sun, 21 Sep 2014

By Tina Morrison Sept. 22 (BusinessDesk) - The New Zealand dollar advanced after the incumbent centre-right National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue. The kiwi gained to 81.49 US cents at 8am in Wellington, from 81.24 cents at the New York close and 81.36 cents at 5pm on Friday. The trade-weighted index rose to 78.84 from 78.44 on Friday. National could govern alone based on the election night result of 61 seats in a 121-seat parliament. Assuming t...

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