NZ dollar rises on indications of recovery without price pressures

Tue, 15 Jan 2013

Jan 15 (BusinessDesk) - The New Zealand dollar rose on indications that the economy is finally gaining momentum without setting off inflation and after US Federal Reserve chairman Ben Bernanke indicated quantitative easing to stimulate the US economy would continue throughout 2013. The kiwi was at 83.94 US cents at 5.25pm, from 83.94 US cents at 8am and 84.02 US cents at 5pm on Monday, according to Reuters. It spiked through 84 cents about 10am after the Quarterly Survey of Business Opinion indicated the economy surged in the December quarter...

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