NZ dollar rises to record vs. ruble after OPEC decides not to cut oil production

Thu, 27 Nov 2014

By Tina Morrison Nov. 28 (BusinessDesk) - The New Zealand dollar rose to a record against the Russian ruble amid concerns about the outlook for the Russian economy after OPEC decided against cutting oil production to bolster falling prices and as sanctions against Russia look set to continue for an extended period. The kiwi touched a record 38.38 rubles, and was trading at 38.27 rubles at 8am in Wellington, from 37.49 rubles at 5pm yesterday. The local currency slipped to 78.69 US cents, from 79.11 cents yesterday when the US was on holid...

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