NZ dollar rises to record vs. ruble after central bank scales back intervention

Thu, 06 Nov 2014

By Tina Morrison Nov. 7 (BusinessDesk) - The New Zealand dollar rose to a record against the Russian ruble amid tensions with Ukraine and after the country's central bank this week scaled back its currency intervention policy. The kiwi touched a record 36.07 ruble, and was trading at 35.91 ruble at 8am in Wellington, from 34.51 ruble at 5pm yesterday. The local currency edged up to 76.92 US cents, from 76.84 cents yesterday ahead of a key US non-farm payrolls report out today. The ruble is on course for its biggest weekly loss in more...

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