NZ dollar strong as Fed targets jobs, climbs to 4-year high vs. yen

Thu, 13 Dec 2012

By Paul McBeth Dec. 13 (BusinessDesk) - The New Zealand dollar rose to a four-year high against the yen after the US Federal Reserve cranked up its money printing presses, heightening the appeal of countries offering high interest rates, and as Japan's general election looks set to usher in a new government. The kiwi rose to 70.50 yen from 69.32 yen yesterday, the first time it's climbed above 70 yen since September 2008. The currency traded at 84.39 US cents at 5pm in Wellington from 84.51 cents at 8.30am, up from 83.90 cents yesterday. T...

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