NZ dollar surges to 6-year high vs. yen as investors favour buoyant local economy

Thu, 06 Mar 2014

By Tina Morrison March 7 (BusinessDesk) – The New Zealand dollar surged to a six-year high against the yen as investors favoured higher yielding risk sensitive assets. The kiwi touched 87.57 yen this morning, its highest level since February 2008, and was trading at 87.33 yen at 8am in Wellington from 86.45 yen at 5pm yesterday. The local currency touched a four-month high of 85.02 US cents and was trading at 84.84 cents at 8am from 84.22 cents yesterday. The New Zealand dollar soared higher as investors seeking yield are buoyed by a slew o...

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