NZ dollar rises to week high vs. yen as US politicians teeter towards compromise

Thu, 10 Oct 2013

By Tina Morrison Oct. 11 (BusinessDesk) – The New Zealand dollar rose to a week high against the yen as investors favour higher risk assets on optimism a political impasse that could have forced the US into debt default may be edging towards a compromise. The kiwi this morning touched 81.49 yen, and was trading at 81.33 yen at 8am in Wellington from 80.67 yen at the 5pm market close yesterday. The local currency rose to 82.88 US cents from 82.58 cents yesterday. The trade-weighted index rose to 76.98 from 76.79 yesterday. Optimism is rising...

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