NZ dollar tempers gains on RBNZ after S and P links slowing Australian economy to mining

Thu, 31 Jan 2013

By Paul McBeth Jan. 31 (BusinessDesk) - The New Zealand dollar pared gains from a more optimistic Reserve Bank review today after rating agency Standard & Poor's joined the dots between a slowing Australian economy and the possible peak of the nation's mining boom. The kiwi dollar rose to 83.47 US cents at 5pm in Wellington from 83.11 cents just before the RBNZ announcement, but was down from as high as 83.67 cents today and 83.71 yesterday. The kiwi climbed to 80.31 Australian cents from 79.94 cents yesterday. Central bank governor Graeme...

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