NZ dollar steady before GDP, slips vs. euro as Cyprus fears ebb

Wed, 20 Mar 2013

March 21 (BusinessDesk) – The New Zealand dollar was little changed against the greenback ahead of figures forecast to show the economy picked up pace in the fourth quarter. It dropped against the euro on speculation may provide aid as an alternative to an EU bailout. The New Zealand dollar traded at 82.31 US cents from 82.27 cents at 5pm in Wellington yesterday. The trade-weighted index was at 75.72 from 75.78. The economy grew 0.9 percent in the fourth quarter, accelerating from a 0.2 percent pace three months earlier, according to a Reute...

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