NZ dollar rises to 5-week high vs. euro, pound on concern about economic recovery

Tue, 09 Jul 2013

By Tina Morrison July 10 (BusinessDesk) – The New Zealand dollar rose to its highest in more than five weeks against the euro and the pound as concern about weakness in the European and UK economies contrasts with a brighter picture here. The kiwi jumped as high as 53.01 British pence, recently trading at 52.82 pence from 52.23 pence at the 5pm market close in Wellington yesterday. The local currency rose as high as 61.57 euro cents, recently trading at 61.44 cents from 60.62 cents yesterday. The New Zealand dollar gained to 78.62 US cents fr...

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